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BP Revamps Risk Management; Forms Oversight Unit

In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company's incoming chief executive officer.

By Caroline McDonald | Updated on September 28, 2010

NU Online News Service Sept. 29, 3:39 p.m. EDT

In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company’s incoming chief executive officer.

BP said today that the Safety & Operational Risk function will have authority to intervene in all aspects of BP’s technical activities. It also will have its own expert staff embedded in BP’s operating units, including exploration projects and refineries, the company said.

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