BP ready to pay "legitimate" oil spill claims
Monday 03 May 2010
BP is ready to pay all legitimate claims tied to the oil spill caused by the accident at its Gulf of Mexico undersea well, Chief Executive Tony Hayward told US National Public Radio today.
"We've made it clear that where legitimate claims are made, we will be good for them," Hayward said.
"We have the claims process set up, small claims today that are being paid instantly ... bigger claims we clearly have a process to run through," the BP chief executive added.
He said the London-based company fully accepted responsibility for the spill and would pay for the cleanup operation.
The huge slick caused by the spill is heading for the US Gulf shore in what President Barack Obama has called a "massive and potentially unprecedented environmental disaster".
BP has not put an estimate on the likely costs of the spill, which follows the explosion and sinking of a drilling rig operated by Swiss-based driller Transocean last month.
BP said last week that it and its partners in the well, including Anadarko Petroleum, were paying $6 million (£3.94 million) a day in clean-up efforts but admitted costs would rise sharply when the oil slick hit land, as would claims for damages.
Hayward said the technical options his company was working on to try to seal the ruptured well included an undersea containment system that would capture the leaking oil and channel it to a tanker on the surface.
"It's fabricated and will be on location next weekend," he said.
Another option, the drilling of a relief well to intersect and try to control the ruptured well, was also "now underway," Hayward added.
BP was also using undersea robotic vehicles to try to fix the well blowout preventer - a mechanism that he said had failed to prevent the oil gushing from the ruptured well following the rig accident.
"No one understands why it's failed. We have assembled in Houston 160 companies from across the industry to focus on this task," Hayward said.
- 3 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Sir David Attenborough interview: The one question about life that still baffles him
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
£130 - £150 per day: Tradewind Recruitment: Humanities Teacher Jan 2015 - July...
£14500 - £15000 per annum: Recruitment Genius: An Accounts Assistant is immedi...
£28000 - £30000 per annum: Recruitment Genius: This is a fantastic opportunity...
£60000 per annum: Ashdown Group: SQL DBA (SSIS, ETL) - Central London, £60,000...