Report says BP oil spill result of ‘bad management’

In the 48-page report, the presidential commission wrote that the failures were "systemic" and likely to recur without industry and government reform.

But it said BP did not have adequate controls in place to ensure safety.

The April blast aboard the Deepwater Horizon rig killed 11 people and caused one of the worst oil spills in history.

The Macondo well, about a mile under the sea's surface, eventually leaked millions of gallons of oil into the Gulf of Mexico, damaging hundreds of miles of coastline before it was capped in July.

BP said in a statement that the report, like its own investigation, had found the accident was the result of a number of causes and involved multiple companies.

But, it said, the company was working with regulators "to ensure the lessons learned from Macondo lead to improvements in operations and contractor services in deepwater drilling".

The owner of the Deepwater Horizon rig, Transocean, said that "the procedures being conducted in the final hours were crafted and directed by BP engineers and approved in advance by federal regulators".

The new report criticises BP, which owned the Macondo well, Transocean and Halliburton, which managed the well sealing operation, and blames inadequate government oversight and regulation.

"Whether purposeful or not, many of the decisions that BP, Halliburton, and Transocean made that increased the risk of the Macondo blow-out clearly saved those companies significant time (and money)," the presidential panel wrote.

"BP did not have adequate controls in place to ensure that key decisions in the months leading up to the blow-out were safe or sound from an engineering perspective."

Don Boesch, a member of the investigating commission, said that not all the faults lay with BP, although the company did have overall responsibility.

"For example the lack of a proper test that was done and the cement that was used to seal the bottom of the well, that was pretty clearly the direct responsibility of Halliburton," he said.

"When the well started to blow there were decisions made by Transocean about how the material coming up the well was handled, and those were unfortunate, fateful, decisions which actually led to the explosion."

In a statement released on Wednesday, former Florida governor and a co-chairman of the commission Bob Graham said the findings showed the blow-out was avoidable.

"This disaster likely would not have happened had the companies involved been guided by an unrelenting commitment to safety first," he said.