[QODLink]
Americas

Halliburton to pay $1.1bn for US Gulf spill

Company reaches settlement for role in Gulf of Mexico oil spill, the largest offshore spill in US history.

Last updated: 02 Sep 2014 14:33
Email Article
Print Article
Share article
Send Feedback
The rig that exploded in 2010 killed 11 workers and spilled 4.9 million barrels of oil into the sea [AP]

Halliburton says it has agreed to pay $1.1bn to settle a substantial portion of claims arising from its role in the 2010 Gulf of Mexico oil spill.

The settlement announced on Tuesday would be paid in three installments into a trust until appeals are resolved over the next two years. It is subject to court approval.

Halliburton was BP's cement contractor on the drilling rig that exploded in the Gulf in April 2010. The blast killed 11 workers and triggerred the largest offshore oil spill in US history with 4.9 million barrels of oil spilling into the sea.

Halliburton was responsible for the placement of "centralisers" that help stabilise the well bore during cementing. It had earlier blamed BP's decision to use only six centralisers - to save "time and money" - for the blowout.

The deal will settle claims assigned to Halliburton as a result of BP's settlement in 2012 and punitive damages from the loss of property or commercial fishing activity resulting from the oil spill.

Rig contractor Transocean, which employed nine of the workers killed, agreed to pay $1.4bn in settlement last year, while BP has paid about $28bn so far.

190

Source:
Agencies
Email Article
Print Article
Share article
Send Feedback
Topics in this article
Country
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.