Remaining BP settlement claims to be processed by end of the year

The final claims for the Deepwater Horizon oil spill settlement will be processed by the end of the year, the settlement’s claims administrator said today, as the historic payment process approaches its end.

Since the Deepwater Horizon rig exploded on April 20, 2010, killing 11 people and dumping 4 million barrels of oil into the Gulf of Mexico for 87 days, $11 billion in claims has been approved by Patrick Juneau, the court-appointed administrator of the settlement. BP has settled for nearly $20 billion more in an agreement with the federal government and the five Gulf states impacted by the […]