LONDON (Alliance News) - The administrative costs related to BP PLC's legal settlement for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico have reached more than USD600 million, meaning that the programme has paid more than a dollar in administration for every six it distributed in compensation, the Financial Times newspaper reported Friday.
The FT said figure was revealed in court filings as BP battles to limit the cost of the settlement that it agreed last year with businesses and individuals seeking damages over the spill.
In early trading Friday, BP shares were quoted at 440.15 pence, up 0.05p.
By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite
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