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Court rejects Transocean move in Deepwater Horizon incident
 BP claims that a US court ruling over the Gulf of Mexico Deepwater Horizon accident has rejected the view that Transocean was indemnified for its liabilities from the disaster.
Referring to a US District Court Ruling which gave a partial summary judgement over indemnities for the Deepwater Horizon accident, BP said today that the ruling “...makes it clear that contractors will be held accountable for their actions under the law.”
BP goes on to state that while all official investigations have concluded “...Transocean played a causal role in the accident, the contractor has long contented it is fully indemnified by BP for the liabilities resulting from the oil spill. The court rejected this view,” BP stated today.
“Under the decision Transocean is, at a minimum, financially responsible for any punitive damages, fines and penalties flowing from its own conduct. As we have said from the beginning, Transocean cannot avoid its responsibility for this accident,” BP adds.
The operator – which was drilling the Macondo oil well in April 2010 in the US Gulf of Mexico which led to the loss of 11 oil workers' lives and Transocean's Deepwater Horizon rig – goes on to point out today its own efforts to acknowledge its role in the accident and BP underlines that it has paid out more than $7.8 billion in compensation claims.
Last November Transocean filed a 51-page motion with the US District Court in the Eastern District of Louisiana “...to enforce BP's contractual obligations including BP's obligation to defend, indemnify and hold Transocean harmless against pollution claims.”Advertisement
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