BP Says Claim Payments Exceed $100 Million
    2010-06-20 12:25:19     Xinhua      Web Editor: Liu Donghui
 

Related: Gulf Cleanup Could Go beyond 2011: U.S. Experts

British energy giant BP said Saturday its claim payments related to the Gulf of Mexico oil spill has exceeded 100 million U.S. dollars.

BP, operator of the Deepwater Horizon drilling rig which explode late April and triggered a massive oil spill in the Gulf of Mexico, said in a news release it has paid 104 million dollars to residents along the Gulf coast.

The company said it has issued more than 31,000 checks in the past seven weeks.

"Our focus has been on getting money into the hands of fishermen, shrimpers, condo owners and others who have not been able to earn income due to the spill," said Darryl Willis, of the BP claims team.

"We have also been addressing the larger, more complex claims and have been successful in sending more checks to commercial entities," he said.

A 1,000-member claim team is working around the clock to receive and process claims, BP said. It has received about 64,000 claims to date.

BP has agreed to put 20 billion dollars into a third-party claim fund to pay the victims of the oil spill in the Gulf of Mexico.

The company promised to initially make payments of 5 billion dollars into the new fund this year, which will be followed by a payment of 1.25 billion dollars per quarter in 2011 and beyond until a total of 20 billion dollars has been paid in.

A team of government scientists charged with studying the spill rate estimated that between 35,000 and 60,000 barrels a day are emanating from the well.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Correspondents' Corner more »

Review  

In Depth more »

Talk to CRI

News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ