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Weatherford and BP Agree to Settle Claims Relating to Deepwater Horizon Incident


Weatherford International, Ltd. has reached an agreement with BP to settle any claims that may have arisen between the companies relating to the Deepwater Horizon incident and oil spill. Under the settlement, BP will indemnify Weatherford for current and future compensatory claims resulting from the incident and the impacts from that event.

 

Marine Well Containment Company (MWCC) announced that its capping stack has met the requirements for containment operations in water depths up to 10,000 feet, which is an increase from the previous water depths of up to 8,000 feet.


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