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Tuesday 23rd of September 2014
25/6/2010

BP oil spill costs soar to more than £1.5bn

BP oil spill costs soar to more than £1.5bn

Oil giant BP said the clean-up operation in the Gulf of Mexico is in the region of $2.35 billion (£1.5 billion).

In a statement, the company said: “The cost of the response to date amounts to approximately $2.35bn, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs.”

Oil has been leaking into the Gulf after an explosion on a BP oil rig on 20 April, which left 11 workers dead.

Two days later, oil began to leak into the Gulf of Mexico from the damaged well and since that time, BP has been battling to contain the leak.

It managed to place a cap over the leaking oil pipe earlier this month, and is now collecting some of the oil.

According to BP, the clean-up operation has involved 37,000 people and 4,500 boats and it has paid out almost £85 million in compensation.

The oil has polluted over 125 miles of Louisiana coastline and has closed down fishing operations.

There are also fears for the area’s already endangered wildlife.

 

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