Originally posted by avalanchethecat
Hand up everyone who thinks BP's gonna be footing the bill for that little mess...

costs up to $14B

breakdown:

65% paid by BP through its self-owned insurer (because BP owns 65% of the well)
25% Anadarko because it owns 25%

amount to be determined in litigation, by Cameron because it built the faulty shutoff valve
amount to be determined in litigation, by Halliburton because it (supervised/managed/performed?) the drilling

$1B eaten by Swiss firm Transocean because it owns the lost rig.

BP's stock price has already dropped 13 pct = $20B.


http://www.foxbusiness.com/story/markets/commodities/cost-oil-spill-exceed--billion/

Monday, May 03, 2010
Cost of US Oil Spill Could Exceed $14 Billion

Originally posted by zeeblebot
costs up to $14B

breakdown:

65% paid by BP through its self-owned insurer (because BP owns 65% of the well)
25% Anadarko because it owns 25%

amount to be determined in litigation, by Cameron because it built the faulty shutoff valve
amount to be determined in litigation, by Halliburton because it (supervised/managed/performed?) the drilling

$ ...[text shortened]... l-spill-exceed--billion/

Monday, May 03, 2010
Cost of US Oil Spill Could Exceed $14 Billion

likely, esp. given reports the oil is also affecting other companies' operations in the area.

reports also say it might not be so bad, since the water is warmer than with the Exxon Valdez and the oil more likely to disperse quickly. i forget which warm-water spill they compared it to.