1. In April 2011, BP filed lawsuits for $40 billion to the three companies which, in its opinion, were to blame the accident on the platform. They were Transocean, who was the owner and operator of Deepwater Horizon, Halliburton who designed the cement seal for holes and Cameron who was the manufacturer shall not be actuated to lock the device well in case of incidents. A month later, the Japanese company Mitsui & Co, which was co-owner of the project, who made the working platform Deepwater Horizon, has announced compensation of $ 1.1 billion in favor of BP (Ferrier, 1982). In early 2012, the U.S. federal court decided that the main defendant in suits to recover the liability should be BP itself, its partners and contractors.
2. Each of the stakeholders is responsible for the disaster and they should do whatever they can do to recover the situation. BP being the main responsible party in the crisis, they must take the responsibility of risk management and they should consider each and every underlying issue quite well. Transocean should help BP in every step as they were the owner and operator of Deepwater Horizon (Bamberg, 1994). Halliburton must inspect all the cement seals and they should repair the seals and do necessary steps to block the leaks again. Cameron should check each and every parts of the Deepwater Horizon and fix the problems which caused the crisis. All the three companies should work with BP in order to find way to fix the problem.