Oil and Chemical Spills

Venoco seeks bankruptcy protection after losses from huge 2015 oil spill near Santa Barbara

Venoco seeks bankruptcy protection after losses from huge 2015 oil spill near Santa Barbara

An offshore oil platform near Santa Barbara will be decommissioned and its operator, Venoco, is seeking bankruptcy protection, nearly two years after the platform was idled when an onshore pipeline ruptured and spilled a massive amount of oil into the ocean, the state and company said Monday.

The State Lands Commission said it received documents from Venoco relinquishing rights to the South Ellwood oil field leases in the Santa Barbara Channel, including Platform Holly and a pier in the city of Goleta.

Platform Holly has not produced since May 19, 2015, when an onshore, underground line owned by Plains All American Pipeline spilled more than 120,000 gallons of crude into the...

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