2011年5月22日星期日

BP covers $1 bn Gulf spill costs of Mitsui Japan (AFP)

London (AFP) - BP said Friday that it had recovered more than 1.0 billion from $ in costs related to the Mexico Gulf oil spill devastating year last a US subsidiary of the Japanese Mitsui & Co. trading house

The announcement was good news for the giant of British energy at the end of a week in which BP saw its hopes for the exploitation of oil in the Arctic Russian shattered.

In a statement Friday, BP said that MOEX USA Corporation agreed to pay BP 1.065 billion (EUR 744 million) in compensation.

MOEX USA Corporation holds a 10% interest in the well project Macondo, where a leak in 2010 has been an environmental disaster on the Gulf Coast.

The leak was triggered by an explosion on the platform of leased BP Deepwater Horizon in the Gulf of the Mexico, April 20, 2010. The explosion killed 11 workers, caused millions of barrels of oil to projecting into the sea and left the company British scrambling to meet the costs of huge compensation.

BP said Friday that payment of Mitsui would be immediately applied to the trust put in place to respond to BP $ 20 billion US.

"This regulation is an important step for BP and the communities of the Gulf," BP Group Director General Bob Dudley said in the statement.

"MOEX is the first company to join BP to help meet our responsibility shared in the Gulf, and Mitsui, through MOEX USA Corporation, shows the great corporate citizen in standing behind its subsidiary and making a contribution to the costs of this tragic accident."

"We call on the other parties involved in the Macondo well to follow the example of the MOEX and Mitsui parties," said Dudley.

BP has called a trio of companies - Transocean, Halliburton, and Anadarko-"to contribute in the appropriate manner."

He noted that Swiss group Transocean owns and operates the Deepwater Horizon platform and the Halliburton oil services group had designed and pumped cement from the well which was considered as a key factor in the accident.

He said energy producer American Anadarko has a 25 percent participation in the project of Macondo.

BP shares reached 4.0% 466 pence in reaction to the announcement of Friday, strongly exceeding the benchmark FTSE 100 in London, approaching up 0.52% overall from noon.

"More money (from Mitsui), the positive aspect of this new is that it marks a useful precedent for BP on two levels," said Peter Hutton, an analyst with RBC capital markets Canadian investment bank."

"One, it is likely to help negotiations/applications of BP with other rights holders, including Anadarko and two, it is compatible with a notice that the charges of"gross negligence"will be difficult to prove against BP.

"The Declaration of BP highlights MOEX acknowledged the findings of the US Coast Guard report that indicates many causes by several parties," said Hutton.

To meet its own costs of compensation and to lift the 30 billion at the end of 2011, BP sells goods. On Tuesday, it announced an agreement to sell a series of oil onshore fields in the South of England to the Franco-British exploration company Perenco for up to $ 610 million.

Including this transaction, BP earned more than $ 25 billion of sales of assets since last July.

But in a great blow to the BP this week, Russian State-controlled oil giant Rosneft has withdrawn from a planned joint venture with the company after losing patience with lengthy negotiations.

The share-swap of $ 16 billion agreement fell after Rosneft and BP have been unable to redeem the local partners in the Russian joint venture TNK - BP British Cabinet.


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