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BP Oil Spill Injury Claims

8/8/2010
Brian Beckcom
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BP may “seek to avoid” contractual obligations?

The Wall Street Journal reports that BP and Transocean are squabbling over their liability contract for the Deepwater Horizon disaster. Transocean, the platform owner, claims that its 400-page contract with BP PLC largely insulates it from damage claims and lawsuits connected to the April 20th explosion that killed 11 workers and injured 17. Thus, BP would have to deal with the bulk of the legal aftermath. However, the report says that BP is not conceding the point because the facts do not yet clearly establish “who is responsible” and that it “may seek to avoid” contractual obligations. One energy analyst believes that the contract will hold up and give Transocean indemnification “without limit.”


Labels: April 20 BP Deepwater Horizon Gulf oil spill Macondo well Transocean Wall Street Journal


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