Company Agrees to Pay BP $75 Million to Settle Claims
Tuesday, June 21st, 2011 Catastrophe PropertyBP PLC has settled out of court with one of the companies it contracted for work on the Deepwater Horizon rig before a deadly explosion killed 11 workers and spawned last year’s massive Gulf oil spill. The deal announced Monday calls for Weatherford U.S. LP to pay $75 million to BP in exchange for BP indemnifying Weatherford for certain claims related to the disaster, including those over pollution damage.
External References & Further Reading
http://www.foxnews.com/us/2011/06/20/company-agrees-to-pay-bp-75-million-to-settle-claims/
