I think comparing software development to traditional civil, mechanical or electrical engineering is flawed (apples and oranges).
When this guy claims they are doing something that has never been done before, they are taking orders-of-magnitude higher risks than any new sort of traditional software development project.
When's the last time you started a new software project thinking "gee, I wonder if this will explode into a giant fireball if my calculations are off?" No. You probably write your code, then run it, and if you see a problem you make changes and then repeat.
Does the fact that they are drilling for oil a mile below the surface of the ocean strike you as something quite magical? I'd say the entire drilling platform is an amazing engineering feat, and it likely requires a lot of wild-wild west engineering to make it a viable product.