BP, Plaintiffs Confirm Settlement Extension in Macondo Spill Agreement
BP and the Plaintiffs' Steering Committee (PSC) confirmed that the U.S. District Court has Monday extended the deadline for Settlement Agreement submission through 8:30 AM CDT on Wednesday, April 18. This extension is intended to allow BP and the PSC more time to complete the extensive documentation required to finalize the two Agreements-in-Principle that were announced on March 2.
BP and the PSC are finalizing two separate Settlement Agreements -- one resolving economic and property damage claims; the other resolving medical claims -- that will fairly compensate people and businesses affected by the Deepwater Horizon accident and oil spill.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 27 Offshore Rigs
- BP Chairman Svanberg to Retire; Search Starts for Successor (Oct 19)
- BP Midstream Partners Seeks To Raise Up To $893MM In IPO (Oct 16)
- BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017 (Oct 12)