How Much Money Did The Deepwater Horizon Cost BP?

by | Last updated on January 24, 2024

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BP and its partners have spent

$71 billion

over 10 years on Deepwater Horizon disaster.

How much did BP pay the families?

Settlements with families of workers killed in last year's Deepwater Horizon oil-rig explosion are running at $8 million to $9 million so far, a range sharply inflated by companies' interest in avoiding another possible wave of bad publicity from the accident.

How much did the Deepwater Horizon cost?

We may never know the full extent of the ecological damage. BP paid dearly for the reckless corporate culture of cost-cutting and excessive risk-taking that caused the spill:

more than US$60 billion

in criminal and civil penalties, natural resource damages, economic claims and cleanup costs.

How much did BP pay for deep horizon?

In March 2012, BP settled with them for

$7.8 billion

. As part of the settlement, it agreed to replace Feinberg with Patrick Juneau, a lawyer from Lafayette, La. The settlement made it much easier for companies and people to get compensation without any serious documentation.

Is BP still paying for Deepwater Horizon?

BP and its partners have spent

$71 billion over 10 years

on Deepwater Horizon disaster.

Did Andrea Fleytas jump?


Fleytas jumped in

. The remaining people on the rig, including Capt. Kuchta, leapt into the Gulf. Something did not just go wrong.

How much did BP pay the survivors?

BP spill settlement money to pay for dozens of recreation projects.

About $60 million

from the BP oil disaster settlement will pay for more than two dozen outdoor recreational projects across the Louisiana coas…

What is BP net worth?

BP net worth as of September 21, 2021 is

$83.35B

. BP p.l.c. is the holding company of one of the world's largest and petrochemicals groups.

Is Deepwater Horizon still leaking?

One oil well off the southeastern coast of Louisiana, owned by Taylor Energy, has

been leaking since 2004

, spilling between 300 and 700 barrels per day. The well's reserves could keep it leaking for the next 100 years if it isn't capped, meaning it will one day eclipse the Deepwater Horizon spill in terms of volume.

Did BP go out of business?


But BP has survived

. The 2010 oil spill, triggered by a blowout that killed 11 workers and toppled the Deepwater Horizon drilling rig, “shook the company to its core,” says Robert Dudley, a low-key American from Mississippi who took charge of the storied company formerly known as British Petroleum.

Who is BP owned by?

BP's headquarters in St. James's, Westminster, London ISIN GB0007980591 Industry Oil and gas

How much money did it cost to clean up the BP oil spill?

BP also paid

about $15 billion

in cleanup costs and another $20 billion in economic damages to companies and individuals harmed by the spill.

Is BP ethical?

We're committed to doing

business ethically and transparently

, using our values and our code of conduct to guide us. We expect our employees to work in line with both and to treat others with respect, ‎fairness and dignity. Our code of conduct sets clear expectations for how we work at bp.

Did Andrea Fleytas survive?

Did Andrea Fleytas survive? The actress plays crew member Andrea Fleytas, who

survived the explosion

that occurred on an oil rig in the Gulf of Mexico on April 20, 2010.

Did anyone from BP go to jail?

BP Exploration and Production Inc.

pleaded guilty to 14 criminal counts for its illegal conduct

leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4 billion in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder announced today.

What happened to Jimmy Harrell?

A supervisor on the Deepwater Horizon oil rig that exploded in the Gulf of Mexico in 2010 has died. Harrell, who worked for rig owner Transocean, died Monday, according to Wolf Funeral Home in Morton, Mississippi. … He had

battled cancer

for a year.

David Evans
Author
David Evans
David is a seasoned automotive enthusiast. He is a graduate of Mechanical Engineering and has a passion for all things related to cars and vehicles. With his extensive knowledge of cars and other vehicles, David is an authority in the industry.