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Deepwater Horizon blowout: delays cost BP $25 million

In a new edition of "60 Minutes," Deepwater Horizon crewmember Mike Williams says the pressure of a slipping schedule cost BP two weeks' time and $25 million dollars.

The destruction of the Deepwater Horizon oil rig had been building for weeks in a series of mishaps, according to one crewmember that escaped the inferno.

In a new edition of "60 Minutes," correspondent Scott Pelley interviews chief electronics technician Mike Williams, who said the pressure of a slipping schedule -- it was taking too long to reach the oil -- cost BP two weeks' time and $25 million.

Just seven months before, he and the crew drilled the deepest oil well in history, 35,000 feet.

But time is money, and the Transocean crew were facing increased pressure from BP -- enough that BP pulled rank on Transocean management the day of the accident.

Here's part one of the story:

...and here's part two:

This post was originally published on Smartplanet.com