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On April 20, 2010, the Deepwater Horizon mobile offshore drilling unit exploded in the Gulf of Mexico while drilling the Macondo well 49 miles off of the Louisiana coast. The explosion killed 11 workers, started a massive oil spill and resulted in tens of billions of dollars of economic damage. Based on the findings of The National Commission on the Deepwater Horizon Oil Spill and Offshore Drilling,  the disaster was a culmination of management failures by BP, Transocean and Halliburton. We should learn from their mistakes. Background In March 2008, BP paid $34M to the Minerals Management Service for an exclusive lease to drill in a nine-square-mile plot in the Gulf of Mexico. BP served as the legal operator for this block, and Macondo…