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Deepwater Horizon costs BT extra 1,7 Billion

Deepwater Horizon costs BT extra 1,7 Billion

16-01-2018 10:30:00




BP is now ready to pay 1.7 billion dollars to shut down the last of the legal requirements in connection to the Deepwater Horizon accident in 2010, which is the worst oil disaster in history. The accident, which left 11 workers deceased and resulted in the release of 4.9 million barrels of petroleum, has cost BP more than 60 billion dollars so far.

BP stated earlier today that the 1.7 billion Dollars will cover the remaining financial losses and other requirements in connection to the conciliation deal, which, monitored by the court, has to sort out all intermittent after the disaster.

Deepwater Horizon has already cost BP more than 60 billion Dollars and it is known as the worst oil spill in the history of the world. The huge amounts of flowing oil polluted miles of beaches in places such as Louisiana and caused extensive damage to the marine environment, fishing and tourism in the area.

It was only back in 2013 when more than two thousand tons of oil residues was removed from Louisiana beaches, while dolphins continued to die in a abnormally large number.

In a number of lawsuits, BP was appointed as being responsible for the accident and, in 2015 BP agreed to pay a record breaking fine of 18.7 billion dollars.

In addition to this, BP has paid more than 40 billion dollars in other expenses related to the accident, but they now wish to shut down the final lawsuits relating Deepwater Horizon.

Source: Bloomberg / Maritime Denmark


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