Sunday, June 20, 2010

BP oil spill: BP threatens partner Anadarko with legal action

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7842308/BP-oil-spill-BP-threatens-partner-Anadarko-with-legal-action.html


As the oil major came under renewed attack at the weekend for its handling of the Deepwater Horizon blow-out, it emerged that BP's 25pc joint-venture partner in the leaking Deepwater Horizon well, Anadarko, has refused to contribute to the multi-billion dollar clean-up bill. BP has threatened legal action.

A spokesman for BP said the company had "not decided" what action it would take against Anadarko. However, Tony Hayward, chief executive, said: "Other parties besides BP may be responsible for costs and liabilities arising from the oil spill and we expect those parties to live up to their expectations."


His comments came after Jim Hackett, Anadarko's chief executive, signalled the company would not pay any costs relating to the disaster because BP's behaviour had revealed "gross negligence or wilful misconduct". He added: "The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP's reckless decisions and actions."

Mitsui, the Japanese group that owns 10pc of the well, has made no decision on whether to admit liability for its share of cost.