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BP Seeks Financial Help from Deepwater Horizon Partners

As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster.

The well was owned 25 % by Anadarko Petroleum Corporation and 10% by Mitsui Oil Exploration Company besides BP's 65%.

The company has repeatedly said that it would pay for the cleanup and damages, but it obviously expects the partners to pitch in. So now BP has asked for $272 million from Anadarko Petroleum Corporation and $111 million from Mitsui Oil Exploration Company.

This is reflective of each company’s joint operating agreement with BP. As Toby Odone from BP said they would expect the various parties involved to live up to their responsibilities. Anadarko spokesman John Christiansen did not wish to comment on the demands made by BP saying that they were still assessing their contractual remedies.

A Mitsui spokesperson said that the company had until July 12th to pay the sum demanded, however he did not mention if they were going to pay the sum. The April 20, 2010 explosion at the Deepwater Horizon drilling rig is pumping thousands of gallons of oil into the Gulf of Mexico daily.

BP has already spent $2.65 billion in collection and control efforts to stop the spill.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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