Oct 15, 2014· 1. CONTEXT OF THE CASE STUDY Background of BP Oil and Gas Group BP's Products 6. 1. CONTEXT OF THE CASE STUDY Disaster Deepwater Horizon Deepwater Horizon owned and operated by offshoreoildrilling company Transocean and leased by oil company BP situated in the Macondo oil well in the Mississipi Canyon 7. 1.