BP Wants Haliburton to Pay All Costs Related Gulf Oil Spill

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January 3, 2012

BP Plc (BP) said all of its costs and damages from the Deepwater Horizon incident and resulting oil spill in the Gulf of Mexico should be paid by cementing contractor Halliburton (HAL), according to a report by Bloomberg, citing a court filing.

Bloomberg says that BP has paid more than $21 billion in cleanup costs and economic damages to individuals, businesses and governments harmed by the spill, and has earmarked as much as $40 billion.

BP wants Halliburton to pay “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,” the report quoted Don Haycraft, BP’s lead trial attorney, as saying based on the filing in a New Orleans court.

Both BP and Halliburton have been pointing fingers at each other since the April 20th, 2010 incident. Halliburton says it is indemnified by BP, as they did with Cameron, the manufacturer of the Deepwater Horizon’s BOP.  BP, on the other hand, has rejected that argument, accusing Halliburton in yesterday’s filing of gross negligence at a level that “will suffice to eliminate any indemnity obligation for damages of any kind.”


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