BP takes USD 1.7 billion charge on Deepwater Horizon disaster

BP's payments in 2018 in relation to the drilling rig disaster in the Gulf of Mexico will come to around USD 3 billion, as opposed to a previous estimate of slightly more than USD 2 billion.

Photo: Gerald Herbert

When oil major BP presents its fourth quarter accounts on Feb. 6, the report will contain an item of USD 1.7 billion relating to the drilling rig disaster in the Gulf of Mexico in 2010, informs BP.

"With the claims facility's work very nearly done, we now have better visibility into the remaining liability," BP Chief Financial Officer Brian Gilvary said Tuesday in a statement, according to Bloomberg News.

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