bp and Louisiana resolve outstanding Deepwater Horizon lawsuits

bp has agreed to make an early payment of approximately $350m to Louisiana, US and resolve remaining coastal zone lawsuits involving the company, including remaining litigation linked to the 2010 Deepwater Horizon oil spill.

The new agreement was signed by Louisiana Governor Jeff Landry, Attorney General Liz Murrill and bp CEO Meg O’Neill.

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This payment replaces remaining instalments due over the next seven years under the 2015 Deepwater Horizon Economic Damages Settlement.

This story was originally published by Offshore Technology. Read the full story at Offshore Technology →