Summit Entertainment, Participant Media and Imagenation Abu Dhabi, have announced that they've acquired the film rights to a 2010 New York Times article on the BP oil spill.

The dramatic 8,500-word essay tells the story of the events leading up to the explosive destruction of the Deepwater Horizon drilling rig — and the crew on board responsible for its operation. "Deepwater Horizon's Final Hour" was published on Dec. 25 and written by David Barstow, David Rohde and Stephanie Saul.

The film will be written by Michael Sand, whose only other film credit is the action flick, "Ninja Assassin." Summit is negotiating with Lorenzo Di Bonaventura ("Salt" and "Transformers") to produce the project under his Di Bonaventura Pictures banner.

Despite the above red flags, the studios are confident that the story will respectfully focus on the people involved, and not just the horrific nightmare that ensued.

“This film will portray the great heroism that took place last year on the Deepwater Horizon rig and how colleagues so courageously came to each other’s aide," said Erik Feig, Summit president of production . 

"This piece in The New York Times evoked the raw emotion these brave men experienced and endured throughout the tragedy that took place in April of last year, and we hope to evoke the same emotions for our audience with this movie."

No word yet on if some of the profits from the film could benefit the families who lost loved ones in the disaster. Expect this one to hit sometime in 2012.

Michael d'Estries ( @michaeldestries ) covers science, technology, art, and the beautiful, unusual corners of our incredible world.

BP oil spill: The movie
Studios acquire film rights to a NY Times article that chronicles the events leading up to the disaster.