These excerpts taken from the BP 6-K filed Jul 28, 2009.
Inherent in our operations are hazards
that require continuous oversight and control. There are risks of technical integrity
failure and loss of containment of hydrocarbons and other hazardous material at operating
sites or pipelines. Failure to manage these risks could result in injury or loss of life,
environmental damage, or loss of production and could result in regulatory action, legal
liability and damage to our reputation.
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Principal risks and uncertainties (continued)