BP Sues Haliburton for Gulf Coast Oil Spill

January 3, 2012 in US Report

BP is suing its contractor, Haliburton, for all costs related to the 2010 Gulf of Mexico oil spill.  BP’s top attorney, Dan Haycraft, filed the pleading in New Orleans federal court.  According to the court filing, BP is seeking “the amount of costs and expenses incurred by BP to clean up and remediate the oil spill, the lost profits from and/or diminution in value of the Macondo prospect, and all other costs and damages incurred by BP related to the Deepwater Horizon incident and resulting oil spill.”

To date, BP has already spent $14billion for the Gulf oil spill, and has set aside an additional $20billion for restoration work and economic claims.  The company is suing its partners and contractors to defray the liability costs of 11 deceased workers, cleanup of the 4 million barrels of oil spilled into the ocean, and the economic and ecological fallout of the residents, business owners and wildlife living and working on the Gulf Coast.  

Haliburton provided the cement used to cap the faulty well on the Deepwater Horizon rig. BP is also suing Transocean, the rigs owner/operator.  In December 2011, BP received $250million in a settlement from Cameron International , “designer and manufacturer of Deepwater Horizon’s failed blowout preventer”Haliburton has not commented on the lawsuit.

BP was recently awarded  $27million in leases from the Obama Administration’s Interior Department, for Gulf Oil Gas Exploration.  BP will soon resume drilling for oil in the Gulf of Mexico.  

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