BP oil spill costs pass $3bn mark

06 Jul 2010
There are now more than 44,000 people working on the operation. (Photo: US Coast Guard)

There are now more than 44,000 people working on the operation. (Photo: US Coast Guard)

The oil spill in the Gulf of Mexico has so far cost BP more than $3.1 billion (€2.5 billion), the company has said. The total includes the cost of containing the spill and cleaning up the oil, and the cost of drilling relief wells.

This figure also includes the $147 million ($116.7 million) paid out in compensation to some of those affected by the spill, including numerous fishing and seafood industry operations.

But BP has again warned that the total cost of the spill is likely to be much higher.

The company also confirmed that efforts to collect oil from the surface of the water had been temporarily placed on hold due to Hurricane Alex, which is currently passing through the region.

Oil is continuing to leak into the Gulf of Mexico following the explosion on the Deepwater Horizon oil rig in April.

BP said two relief wells being drilled to stop the leak are still on course for completion by August.

[Source: BBC]

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