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BP reaches $7.8 bln partial settlement in US oil spill trial

04 march 2012, 11:41
0
©REUTERS/Sean Gardner
©REUTERS/Sean Gardner
BP said Friday it reached a $7.8 billion deal to settle claims from fishermen and other private claimants affected by the Gulf of Mexico oil spill ahead of the start of a blockbuster US trial.

The settlement does not affect what is anticipated to be tens of billions in fines and claims from the US government and the coastal states and local governments impacted by the spill.

"From the beginning, BP stepped up to meet our obligations to the communities in the Gulf Coast region, and we've worked hard to deliver on that commitment for nearly two years," Bob Dudley, BP's chief executive officer said in a statement.

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