BP Seeks Damages for All Spill Costs From Halliburton

Posted on January 3, 2012. Filed under: Uncategorized |

Oil major BP is seeking money from Halliburton, its contractor on the Deepwater Horizon oil platform, for the 2010 Gulf of Mexico oil spill, according to a court filing seen by CNBC.

Ben Stansall | AFP | Getty Images

In the filing made in a New Orleans court, BP[BP  42.74    0.11  (+0.26%) ] said it was seeking damages for the costs incurred by the company to clean up the oil spill, as well as lost profits and “all other costs and damages incurred by BP related to the Deepwater Horizon incident.”

The costs are estimated to run into several billions of dollars and BP has set aside about $20 billion for spill claims.

The explosion on the Deepwater Horizon rig in April 2010, which killed 11 workers and spewed more than 4 million barrels of oil into the Gulf, has sparked a slew of lawsuits and federal citations against the companies involved.

Last month, Cameron International [CAM  49.19    0.54  (+1.11%) ] agreed a $250 million settlement with BP to help pay for costs associated with the Gulf of Mexico oil spill, raising hopes that deals between the British oil firm and two other contractors could follow.

Yet settlement agreements with two remaining parties, Halliburton [HAL  34.51   0.72  (+2.13%) ] and Transocean [RIG  38.39    -0.17  (-0.44%) ], have to date proved elusive.

Transocean, the owner and operator of the Deepwater Horizon rig, and Halliburton, which supplied cement to cap the well, are both being sued by BP to share the cost of the spill and cleanup, while the two have launched lawsuits of their own.

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