Bank Of Baku

BP must cover some Transocean liabilities for oil spill

BP must cover some Transocean liabilities for oil spill
# 27 January 2012 11:29 (UTC +04:00)
US District Judge Carl Barbier said that Transocean was shielded by its contract with BP from having to pay many pollution claims.

But Transocean must cover its own legal fees and is not exempt from paying punitive damages and civil penalties.

A trial on damages from the oil spill will begin next month.

The trial, which will also involve oil services firm Halliburton who made the cement cap on the well which blew, is expected to apportion blame and quantify damages arising from the incident.
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THE OPERATION IS BEING PERFORMED