Mon, July 05, 2010
World > Americas

BP oil spill costs pass $3 bln

2010-07-05 09:46:54 GMT2010-07-05 17:46:54 (Beijing Time)  Xinhua English

A supply vessel passes through oil floating near the site of the Deepwater Horizon oil spill in the Gulf of Mexico off Louisiana on May 31. (Photo Source: chinanews.com)

BEIJING, July 5 (Xinhuanet) --British oil giant BP on Monday said the oil spill in the Gulf of Mexico has so far reached3.1 billion U.S. dollars, media reported.

The bill includes the cost of containing the spill and cleaning up the oil, and the cost of drilling relief wells.

It also includes the 147 million dollarspaid out in compensation to some of those affected by the spill.

The company confirmed that efforts to collect oil from the surface of the water had been temporarily placed on hold due to Hurricane Alex, which is currently passing through the region.

Oil is continuing to leak into the Gulf of Mexico following the explosion on the Deepwater Horizon oil rig in April.

The company said the construction of two relief wells, which are considered the best hope of stopping the oil leaking from the ruptured underwater well, are on track for completion by August.

(Agencies)

The "A Whale" skimmer, billed as the world's largest oil skimming vessel, is anchored along the Mississippi River in Boothville, Louisiana July 1, 2010. The massive ship converted into a "super skimmer" has arrived in the U.S. Gulf of Mexico to assist with cleanup of the BP oil spill, a government spokeswoman said Thursday. The 1,100-foot (335 meter)-long ore and oil carrier, dubbed the "A Whale," is being provided by the owner, TMT Shipping of Taiwan, and can collect 500,000 barrels (21 million gallons) per day of contaminated water, said Chris Coulon, a spokeswoman for the joint incident command.(Reuters Photo)

The "A Whale" skimmer, billed as the world's largest oil skimming vessel, is seen anchored on the Mississippi River in Boothville, LA July 1, 2010.(Reuters Photo)

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