LONDON - BP has struck partner in the ausgefressene well, get one much to approximately $1 billion by a minority hopes to pursue it successfully other participating companies and reduce the Bill for the disaster cause.
BP PLC said on Thursday that MOEX offshore 2007 LLC, which pay a 10 percent interest on the Macondo had wells, to 1,065 billion, has agreed to settle all claims between the undertakings of the accident on the deepwater horizon rig.
The settlement agreed upon MOEX, a unit of Japanese trading house Mitsui & co., findings by the US Presidential Commission recognize, that the accident "the result of a series of separate risk factors, failures and outright errors by several parties and a number of causes."
He realized also results from the US Coast Guard, that "the Transocean's safety management systems and its deepwater horizon rig significant deficiencies, the them in preventing the accident ineffective."
Shares in BP closed 2.7% higher at 460 pence ($7.50) after analysts said that the deal puts pressure on BP the other minority shareholders, Anadarko, a similar deal to reach and leaves open rig operator Transocean, a combined assault on damages.
Evolution financial analyst Richard Griffith said success on the fronts of its estimate of the sum of BP which would reduce liabilities, which currently is 25-30 billion dollars.
"Critical Mitsui has BP joined, in the knowledge that the accident was the result of a number of risks and the actions of several parties," said Griffith. "Perhaps more clearly the wider recognition that Transocean's safety management systems on the rig were deficient, and where this might be is BP and its license partner Transocean liability for compensation, making the total size of the net to BP."
Jonathan Jackson, Director who shares to Killik & co., said he was "somewhat disappointed" by the size of the settlement, but the news was positive.
"It is the first time, which has also involved a company in which BP to help meet the costs of the accident connected and it seems to increase, clean water act would entail the probability, that the BP not gross negligence is found, a result, the much larger liability under the" Jackson said.
He added that BP could reach a global settlement, aggregated in a single offer liability for fines, damages and sanctions.
BP Friday said that it track, Texas-based Anadarko, that the well had a 25-percent interest to continue, based in the Switzerland of Transocean and cement contractor Halliburton, its share of the billions of dollars in cleanup costs, oil spill damage and pollution to pay fines.
MOEX submitted also cross claims against Transocean and Halliburton, the BP announced Friday "designed and pumped the unstable cement, the Presidential Commission found was a major cause of the accident."
However, said Transocean deepwater horizon rig was in "sound condition" and had passed inspection by the coast guard.
"As owner and operator of Macondo well, BP has clearly financial incentives for other parties assign blame, but his public position is through the body of evidence in this matter, does not support" the company said in a via e-Mail statement. "Government investigations have found rightly, that the incident of Macondo was caused by an error of cement into the well."
BP has booked already a 32.2 billion US-dollar charge to cover the long-term cost of the Gulf spill. It's $30 billion in assets by the end of the year means targeted support.
BP Chief Executive Bob Dudley said that Mitsui "large civic shows in behind its affiliate and a contribution to the bear the costs for this tragic accident."
"We call on the other parties involved in the Macondo well, the lead of follow the MOEX and Mitsui parties," he added in a statement.
Immediately the settlement of MOEX is paid $20 billion in the trust, which has set up BP to meet individual, business and Government claims in last year's oil spill.
MOEX had filed a lawsuit in New Orleans on 20 April anniversary of the Gulf spill, questions, a federal judge, it was not responsible for the damage and cleanup to declare costs resulting from the worst off-shore oil spill in U.S. history. MOEX along with Anadarko in sued BP, with two companies claim that London-based BP for the blow-out and the spill was responsible.
BP said that the payment of MOEX Friday was announced - to the detriment of its parent company, MOEX United States Corp. - no admission of liability by any party with regard to the accident. The companies are mutual claims against each other.
The news of the settlement London Group Investec coincided with a report from financial services calls for BP Board, the company into three separate groups of separation - focuses on the United States, United Kingdom, and emerging markets.
Investec said that BP worse has the market by 14 percent in dollar terms and 5 percent on the previous year.
"BP business model is broken, from our point of view" Investec analysts Stuart Joyner and Angus McPhail said in a note. "However, we think, you could again its reputation as the industry thought leader by the company in three parts."
The pair struck a unit of US in New York listed by BP US refining and gas exploration & production business. A separate exploration & production business could focus on UK and mature markets in London, the analysts said, with fast-growing units for developing countries to be listed in London and Mumbai/Hong Kong.
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