December 21, 2011
$250 Million Settlement: Cameron International settles with BP over Gulf oil spill
Cameron International, a contractor for the Macondo well, has agreed to pay British Petroleum (BP) $250 million to settle liability disputes over the Deepwater Horizon well explosion.
Cameron International made the blow-out preventer that BP claims proved ineffective on the Deepwater Horizon oil rig that exploded last year. It caused one of the worst natural disasters in history. According to BP, the settlement is not a complete admission of fault by either party as the investigation concluded that the disaster was the consequence of numerous mistakes made by multiple parties.
Although Motley Rice lawyers did not represent either party in the Cameron International settlement, our oil spill lawyers represent numerous victims who have suffered as a result of the BP oil spill. Additionally, we are helping individuals and businesses file and negotiate their Gulf Coast Claims Facility applications.
Read the full article on the $250 million Cameron settlement in The Independent.