Gulf Oil Spill Response, BP says Cost increases to $ 6.1 billion


bp oil spill 2010LONDON – BP PLC oil giant (BP) said Monday the cost of compensation and clean up her huge leak in the Gulf of Mexico has now risen to 6.1 billion U.S. dollars. The news comes after the British company said Sunday that a test for the cementing operation is needed to fully plug its troubled well is successful. The well was temporarily closed on July 15 after the explosion of a deepwater platform on April 20 caused a huge leak.

BP said in a statement Monday that “the cost of the response is now at 6.1 billion U.S. dollars,” including the costs of the spill response, containment, terrain, drilling, cementing and static dead, grants to the Gulf, claims paid, and federal costs. ”

On June 16, BP announced a package of measures agreed, including the creation of a twenty billion U.S. dollars into escrow obligations arising from the oil spill and gas requirements.

The company also said Monday that more than 103,900 payments made for claims, totaling $ 319,000,000, against an earlier estimate of 303 million U.S. dollars.

By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; benoit.faucon @ dowjones.com

source: wsj


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