BP’s ‘Serious Breaches’ Risked Explosion at Norway Oil Platform

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An oil and gas leak at BP Plc’s Ula field could have caused a deadly explosion, Norwegian regulators said. They ordered the company to review maintenance procedures after discovering “serious breaches.”

An estimated 125 barrels of oil and 1,600 kilograms (3,520 pounds) of gas leaked at the North Sea platform in September because of corroded bolts in a valve, Norway’s Petroleum Safety Authority, or PSA, said today in a statement. While no one was injured, production stopped for 67 days.