06 March 2013 17:45 [Source: ICIS news]
HOUSTON (ICIS)--BP is “vigorously defending” itself against allegations of gross negligence in the events leading up to the 2010 Deepwater Horizon explosion and oil spill, the company’s CEO said on Wednesday.
“We believe the law and the facts are on our side, and we have faith in the legal system,” Bob Dudley said during his keynote address at IHS CERAWeek.
In response to the accident, BP has spent more than $24bn (€18bn) in response, cleanup and restorations costs and in payments on claims made by individuals, businesses and governments,
Despite ongoing litigation, BP remains deeply committed to the US Gulf, he said. The company has returned to exploration and development in the region, where the company is the largest deepwater leaseholder.
The company has about 750 leases in the Gulf and plans to invest $4bn/year over the next 10 years in the region,
“It’s a massive part of our portfolio,” he said.
“We have made good on those promises,”
($1 = €0.77)
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