Halilburton (NYSE:HAL) Back on stage with the spotlight on them!
Halliburton (HAL) continues to defend the fact they alerted BP about the results of the cement testing. It turns out that 3 out of 4 of the tests failed, and HAL appears to have failed to highlight this to BP who chose to go ahead with using it.
Tests carried out for the National Commission on the spill by Chevron have demonstrated the cement was not suitable, but HAL are insistent that the cement actually used on the well is different and was a one off production. They say that if it was brought up and tested it would prove sound. However, it seems that BP can’t really use this as an excuse. Reports show that they were warned about the potential failure of the cement but chose to go ahead anyway. “Had BP conducted a cement bond log test, or had BP and others properly interpreted a…