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BP, Louisiana Agree to Resolve Deepwater Horizon Disputes With $350 Million Payment

Friday, October 23, 2026 · States · GSM News

BP and the state of Louisiana have reached a settlement under which the company will make a one-time accelerated payment of about $350 million to resolve the remaining coastal-area claims from the 2010 Deepwater Horizon disaster, Reuters reported on October 23.

In April 2010, the BP-leased Deepwater Horizon drilling rig exploded and blew out in the Gulf of Mexico, killing 11 workers and releasing a massive amount of crude oil into the sea in the worst marine oil spill in U.S. history. Louisiana's coastline was among the areas hit hardest.

BP has since entered a series of settlements and payment arrangements with the federal government and Gulf Coast states. The Louisiana agreement addresses the coastal claims that remained outstanding between the two sides.

Source: GSM·America

Source: GSM · USA (original Chinese edition)

Photo: 图:2010年“深水地平线”钻井平台火灾。图片来源:US Coast Guard,公有领域,经 Wikimedia Commons。 / Photo: the Deepwater Horizon rig fire in 2010. Source: US Coast Guard, public domain, via Wikimedia Commons.

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