UPDATE 1-BP oil spill costs hit $2 bln

Mon Jun 21, 2010 2:56am EDT

Related Topics

* BP said it paid out $105 mln to people hit by oil spill

* Company agreed to place $20 bln in a fund for victims

LONDON, June 21 (Reuters) - Oil giant BP (BP.L) said on Monday the cost of its response to the Gulf of Mexico oil spill had hit $2 billion and that it had paid out $105 million in damages to those affected by the disaster. [ID:nN19188555]

BP added in a statement that it rejected claims by its partner in the oil well, Anadarko Petroleum (APC.N), that it had been negligent in the way it executed the well.

BP agreed last week to place $20 billion in a fund to compensate victims of the oil spill.

(Editing by Sharon Lindores)

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Comments (1)
janice33rpm wrote:
What if they cannot stop this leak? That would be a condition of “Runaway”, according to this author: http://itknowledgeexchange.techtarget.com/business-technology/bp-and-the-gulf-oil-spill-lessons-for-it-and-business/ – Ch. 21 of his book “I.T. WARS” is a real eye-opener too – can Google to it. Check the explanation of IDRU: Inadequacy, Disaster, Runaway and Unrecoverability. Scary – it’s a virtual template for what’s happening in the Gulf. And they ain’t stopped it yet. The “relief” wells are no guarantee either…

Jun 21, 2010 1:55pm EDT  --  Report as abuse
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