All five Gulf states affected by 2010 BP oil spill reach settlement. The settlement extends to all five Gulf of Mexico states and was reached with Transocean.
The Deepwater Horizon oil spill that began in April 2010 has now found a resolution. Transocean, the owner of the offshore drilling rig has filed documents to the court handling the case concerning the entering of a settlement agreement. Attorneys for the five Gulf of Mexico states – Louisiana, Alabama, Mississippi, Florida and Texas have agreed to enter the settlement agreement as well.
As reported by the Associated Press, Transocean has released an email statement on Wednesday admitting the settlement. However, no further details are provided.
Last week, Alabama’s governor, Mr. Robert Bentley suggested that the state will receive 20 million dollars for legal claims from Transocean. While Florida and Mississippi haven’t released any numbers yet, Louisiana is known to also receive 4 million dollars. The state of Texas documents indicate a settlement pay of 2 million dollars.
Other settlements announced in the earlier months of 2015 between the five states and BP amounted to an estimated 20 billion dollars. This settlement also included the U.S. Justice Department. The final approval of this settlement is awaited from New Orleans.
As of now, all five Gulf states affected by 2010 BP oil spill reach settlement, awaiting the final response on the BP settlement.
The Deepwater Horizon rig, owned by Transocean blasted in April 2010, in the evening of April 20th. Conservative estimates indicate that over 134 million gallons of oil reached the Gulf waters throughout. In other words, by July 15th, when the site was capped, an estimated 3.19 million barrels of oil were spilled in the Gulf waters.
In addition to the immediate disastrous effects of the oil spill, considered one of the worst in history, eleven people working on the rig lost their lives. Footage of oil being spilled on the ocean floor, as well as gas has held the headlines for a long while.
With cleaning-up efforts and the pipe being capped 87 days later, it is still unclear what the full effects of the spill are.
The well was 5,000 feet beneath the surface of the water. That is the deep sea, accounting for 3/4 of the total ocean volume of our planet. The oil spill was eventually contained and surface oil was dispersed with chemicals.
The full extent of the 2010 oil spill on coastal ecosystems and marine ecosystem is still being studied.
Photo Credits: Flickr