Halliburton settles Deepwater Horizon claims

Halliburton, the oilfield services firm involved in the 2010 Deepwater Horizon oil leak, has agreed to entrust $1.1 billion (£670 million) to settle damages claims relating to the disaster.

The settlement covers claims assigned to Halliburton by BP, as well as claims of damage to property and issues relating to the commercial fishing industry. The agreement also affirms that Halliburton has no liability in claims that were settled by BP for $4 billion in 2012.

One of Halliburton’s main roles was to cement the well in place after drilling. This work was called into question during investigations, and Halliburton was found to be jointly culpable for the disaster, along with BP and Transocean, the rig operator.

Related Content

BP emerges from Deepwater with $18.7bn settlement

3 July 2015 News and Analysis

news image

BP has agreed to pay an $18.7 billion settlement to five states damaged by the Deepwater Horizon oil spill

BP faces $18bn fine over Deepwater

9 September 2014 Business

news image

US judge rules that BP’s recklessness caused blowout through ‘gross negligence or willful misconduct', but the firm will ...

Most Commented

Chlorinated compounds form in tea and coffee

24 November 2015 Research

news image

Treated water reacts with organics to form disinfection byproducts

Brazilian mine disaster releases dangerous metals

21 November 2015 News and Analysis

news image

Irreversible negative human health and environmental effects could result from Brazilian mine’s dam collapse