Bill Allen (businessman) Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including the Sudan, Russia, Mexico, Venezuela and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the second largest in United States history, after the BP Gulf of Mexico Deepwater Horizon spill. Under Allen's guidance, VECO (along with
Odyssey (tanker) "Exxon Valdez". Odyssey, built in 1971, was a 65,000-ton tanker operated by Polembros Shipping Ltd. of London, England, and registered in Liberia. On November 5, 1988, the tanker departed Sullom Voe Terminal in the Shetland Islands off Scotland, fully loaded with North Sea Brent Crude oil which was being transported to the Come By Chance Refinery at Come-by-Chance, Newfoundland and Labrador. When the ship was about 1000 nautical miles off the coast of Newfoundland, a major North Atlantic storm arose, buffetting the ship with waves and 44-mile-per-hour winds. In response, the ship sent out a distress signal and kept heading