Explosion Of Piper Alpha
Back in 1988, an Occidental Petroleum (Caledonia) Limited platform exploded because of a PSV flange leak. Several explosions occurred from 9pm to 11.20pm on July 6th, eventually resulting in the total collapse of the platform and damages worth a staggering $1.7 billion. To this day, it is still one of the greatest oil rig disasters of all time. The costs of the Piper Alpha clean up were incredibly high, but so were the insurance claims. Because of the disaster, $1.4 billion was claimed. This created a major headache for Lloyd’s of London, the insurance company. Lloyd’s later revised their policies due to the substantial payout.
Explosion Of Piper Alpha
Fire Foam Accidentally Released
Airplanes cost a lot, so airlines naturally want to protect their investment. When they store their planes, they make sure there is a fire foam system installed. However, these systems can malfunction and accidentally release fire foam even if there’s no fire. This is a costly disaster, and several military bases have faced this issue, having to cough up hundreds of thousands for unnecessary repair. Back in 2013, Delta Air Lines also had the same issue. Their aircrafts and new hangar got covered for no reason.
Fire Foam Accidentally Released
