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Findings of 2010 Gulf of Mexico oil spill may press BP into putting over USD 30 billion

September 16/2011

(Reuters) - Findings of the second major investigation by the government into the 2010 Gulf of Mexico oil spill, may press BP into putting over USD 30 billion on the table to quickly settle its outstanding legal headaches.


The joint Coast Guard and Bureau of Ocean Energy Management, Regulation and Enforcement probe into the Macondo well blow-out which led to the death of 11 men and the biggest offshore oil spill in U.S. history, put most of the blame on BP.


The report, released on Wednesday, was even more damning of BP's behavior than the Presidential panel's findings, which were issued in January and February. Both reports also highlighted mistakes made by BP's contractors, driller Transocean and cement specialist Halliburton.


The investigations have not left London-based BP eager to face the Department of Justice or civil claimants in court.


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