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Home > News > BP Partner Agrees to $1.1 Billion Settlement Related to Gulf Spill > BP Partner Agrees to $1.1 Billion Settlement Related to Gulf Spill

BP Partner Agrees to $1.1 Billion Settlement Related to Gulf Spill [1]

BP said Friday that Moex Offshore, one of its partners in the oil well that leaked into the Gulf of Mexico last year, had agreed to pay $1.1 billion as part of a settlement for any claims related to the oil spill.

Moex, which had a 10 percent stake in the well, is the first company aside from BP to make a payment to cover the costs of the disastrous oil spill, BP said in a statement.

Publication Date: 
21/05/2011
Julia Werdigier [2]
New York Times (New York) [3]
Tags:
British Petroleum (BP) [4], Water Pollution [5], Gulf Of Mexico [6], Hazardous Waste [7], Chemical Leakages [8]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/bp-partner-agrees-11-billion-settlement-related-gulf-spill

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/bp-partner-agrees-11-billion-settlement-related-gulf-spill
[2] http://admin.indiaenvironmentportal.org.in/category/author/julia-werdigier
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/new-york-times-new-york
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/british-petroleum-bp
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/water-pollution
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gulf-mexico
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hazardous-waste
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/chemical-leakages