Anadarko to Pay BP $4 Billion

According the Associated Press, Anadarko Petroleum Co. has agreed to pay $4 billion to BP as part of a settlement related to last year’s Gulf of Mexico oil spill. BP is using this agreement to support their contention that it was not solely responsible for the disaster. BP said Monday that Anadarko’s payment will form part of the British company’s $20 billion trust fund, which has paid out $7 billion so far to settle claims from individuals and businesses. Eleven workers were killed when the Deepwater Horizon rig at the Macondo well exploded off Louisiana on April 20, 2010, causing the largest oil spill in U.S. history. If you or a loved one has been seriously injured in an oil-field related incident, contact our firm for a free consultation