Oil Spill from Rig Explosion May Cost More Than Valdez

The costs involved with the cleanup effort of the oil spill that resulted from the Deepwater Horizon explosion, could exceed the costs associated with the Exxon Valdez incident. The Gulf of Mexico rig explosion occurred on April 20, 2010, off the coast of Louisiana.

The explosion onboard the Deepwater Horizon claimed the lives of 11 people and left many other workers injured.

According to some experts, it may take up to three months for BP PLC to stop the flow of oil coming from the seafloor. The oil spill threatens the coasts of Louisiana, Alabama, Mississippi and Florida. It is expected to be an economic disaster for the region, as well as a catastrophic ecological disaster.

What Injured Workers & Their Families Need to Know
This tragic oil rig accident will fall under federal maritime law. Already, there have been lawsuits filed in connection with this event.  However, injured workers and their family members should not be in a hurry to pursue a legal claim.  Federal maritime law provides a 3-year deadline to file a lawsuit.  Even though there are some exceptions that could shorten this timeframe, it will most likely not be less than a year from the date of the explosion.

A lot of lawyer advertisements have appeared following the explosion, but it is crucial to understand that not all of these attorneys have the experience and background to handle this type of case.  If you have been injured on the Deepwater Horizon, I would encourage you to order my free report, Answers to the Most Common Questions About the Transocean Rig Explosion, before you hire a lawyer or sign any paperwork.