BP estimates cost at $625 million for oil spill incident
BP PLC has spent over $625 million to clean up the oil spill along the Gulf of Mexico. The company said they are recovering over 2000 barrels of oil everyday and are in the process of cleaning up the oil spill.
"It is expected that it will take some time to increase the flow through the system and maximise the proportion of oil and gas flowing through the broken riser that will be captured and transported to the drillship" BP said.
The company said this past week that they have been recovering the oil which spread into coastal regions which is an estimated 5000 barrels and over 1000 have been recovered already. BP has been working on covering the leaks in the leaks and has been taking measure to ensure the incident does to worsen and repeat itself.
BP is offering compensation for those affected by the spill in Florida, Louisiana, Alabama and Mississippi and has spend $650 million on total expenses out of which $450 million was spent on the clean up. BP said 15,600 complaints were received in total out of which 2,700 have been compensated.
On the 20th of April the BP oil rig off the Gulf of Mexico had a malfunction and exploded killing 11 workers and saw one of the biggest oil spills in recent times.
An April 20 explosion on the BP-leased Deepwater Horizon rig killed 11 workers and led to the major spill.
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