BP to pay massive settlement for Deepwater Horizon spill

Oil giant BP must pay a record USD 20 billion settlement over the 2010 oil spill from the Deepwater Horizon rig, the largest in US history, which caused 11 deaths and devastated miles of coastline

Photo: Øyvind Hagen - Statoil

A US federal court approved a USD 20 billion settlement over claims relating to the 2010 Deepwater Horizon disaster, which marked the worst oil spill in American history, causing 11 deaths and pouring millions of gallons of oil into the Gulf of Mexico, report several media.

After years of litigation, British oil conglomerate BP has been ordered to pay the hefty settlement over an 18 year period by U.S. District Judge Carl Barbier.

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