A BP executive says the company and industry will be drilling in deeper waters and go farther in their search for oil reserves, and must understand the risks so they can mitigate them in the future.
On Tuesday, Mike Utsler, the chief of BP's restoration effort along the oil-stained Gulf Coast, also admitted to a standing-room-only crowd at an industry-sponsored conference in Tampa, Florida that the oil giant was slow to engage local leaders in its response to the Gulf spill.
However, he defended the use of dispersants to break down the oil and blamed a piece of equipment maintained by another company for failing to act as the last line of defense.
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