Thursday, December 2, 2021
79 F
Fort Worth

Midnight deadline approaches for oil spill settlement claims

🕐 2 min read

NEW ORLEANS (AP) — With a midnight Monday deadline approaching to file claims under a 2012 settlement over the BP Gulf of Mexico oil spill, the claims administrator said he expected a last-minute rush of filers.

“There’s always a rush, for myriad reasons,” Patrick Juneau said in a telephone interview last week. Juneau said more than 328,000 claims had been filed as of the middle of last week. More than 20,000 of those were filed last month.

Juneau said there has been an uptick in the number of filings as the deadline approaches. He announced last week that claims centers in Florida, Mississippi, Alabama, Louisiana and Texas would be open until midnight Monday to handle claims.

As of mid-April, more than $5 billion in claims had been paid out, according to Juneau’s office.

The spill began when the Deepwater Horizon offshore drilling rig exploded in flames April 20, 2010, killing 11 workers and spewing oil from the sea floor for 87 days.

The 2012 settlement agreement was hailed by all involved when it was signed, but soon became the subject of contention over its interpretation by the district court in New Orleans and by Juneau, the court-appointed claims administrator. BP said payments were being made to some entities whose losses weren’t caused by the spill. Courts rejected that argument.

In 2012, BP estimated it would pay roughly $7.8 billion to resolve claims under the settlement. BP later said it couldn’t give a reliable estimate for the deal’s total cost. In its first-quarter earnings report for 2015, BP said it could estimate at least a $10.3 billion cost. But it stressed that there was no way of knowing how many claims would be filed by the deadline and that the total cost would likely be significantly higher.

Claims may be filed in person, by phone or online.

Juneau’s office will likely have a preliminary figure on the number of claims filed by the deadline sometime on Tuesday. That number won’t be final, however, because mailed claims will be accepted if they are postmarked June 8.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate