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BP’s Deepwater clean-up costs could hit $3bn

1 June 2010

BP has said it is unlikely to stop the flow of oil from the sunken Deepwater Horizon rig in the Gulf of Mexico until August, which could mean its clean-up costs triple to $3bn.

The UK oil major has reported that the month-long effort to clean up the biggest oil spill in US history has so far cost it $930mn.

If costs continue to rise at the current rate of around $1bn per month, the bill could hit $3bn by...


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