BP, TRUSTEES AGREE TO 28 MORE RESTORATION PROJECTS WORTH $594M

     (The following press release from BP was received by e-mail and was 
reformatted. The sender verified the statement.) 
Release Date: May 3, 2013 11:16:56 AM CDT 
BP and Deepwater Horizon NRD Trustees Agree to 28 Additional Proposed Early 
Restoration Projects Totaling $594 Million                                       
BP and Trustees have now identified projects totaling $665 million of the up to 
$1 billion BP committed to early environmental restoration in the Gulf States 
HOUSTON – BP and federal and state Natural Resource Damages (NRD) Trustees have 
reached agreement in principle on 28 additional proposed early restoration 
projects in the Gulf of Mexico that are expected to cost approximately $594 
million, including human use (recreational use) projects totaling approximately 
$197 million. The projects are part of BP's unprecedented commitment to provide 
up to $1 billion in early restoration funding to expedite recovery of natural 
resources injured as a result of the Deepwater Horizon accident. 
BP and the Trustees have now agreed on a total of 38 early restoration projects 
expected to cost approximately $665 million, including 10 projects that were 
approved in 2012 and are already underway. BP stepped up to make funds 
available while the NRD assessment is ongoing, enabling restoration projects to 
begin long before they otherwise would have.   
“We are extremely pleased to have reached agreement with the Trustees on the 
new projects, which will provide significant long-term benefits to the 
environment and the people of the Gulf Coast region,” said Laura Folse, BP’s 
Executive Vice President for Response and Environmental Restoration. “With the 
help of the extensive cleanup efforts, early restoration projects, and natural 
recovery processes, the Gulf is returning to its baseline condition, which is 
the condition it would be in if the accident had not occurred.” 
The 28 new projects are located across Texas, Louisiana, Mississippi, Alabama 
and Florida, and will include ecological projects that restore habitat and 
resources, as well as projects that enhance recreational use of Gulf of Mexico 
natural resources. The Trustees will give the public an opportunity to review 
and comment on the projects before final approval and funding. 
The ecological projects will include restoration of dune and seagrass habitats, 
as well as barrier islands that protect coastal areas from waves and tides, and 
the creation of living shorelines – made from organic materials – that protect 
against coastal erosion and provide habitat for wildlife. 
The recreational use projects are designed to address the temporary loss of use 
and enjoyment of natural resources during the time when the resources were in a 
condition that reduced human use, including, for example, the period when some 
beaches and waters were closed. Although a number of the project locations were 
not directly injured by the accident, the projects address loss of use by 
providing residents and visitors with new recreational options, better access 
to existing natural resources and a greater opportunity to enjoy them. 
The Agreement between BP and the Trustees is unique in that it makes it 
possible for restoration to begin at an earlier stage of the NRD process.  NRD 
restoration projects are typically funded only after a final settlement has 
been reached or a final court judgment has been entered. The Agreement allows 
the parties to expedite projects to restore, replace or acquire the equivalent 
of injured natural resources in the Gulf soon after an injury is identified, 
reducing the time needed to achieve restoration of those resources. 
Under the Agreement, BP provides the funding and the Trustees implement the 
projects. Funding is provided from the $20 billion trust BP established in 2010 
to pay claims, final judgments in litigation and litigation settlements, state 
and local response costs and claims, and natural resource damages and related 
costs. 
In addition to the early restoration projects, to meet its commitments in the 
Gulf, BP has spent more than $14 billion in operational response and clean-up 
costs; has paid $10.7 billion to individuals, businesses and government 
entities for claims, settlements and other payments; and has agreed to a 
settlement with the Plaintiff’s Steering Committee that will resolve the 
substantial majority of outstanding private economic loss, property damage and 
medical claims.                                                                  
Further Information: 
BP US Press Office 
Phone: (281) 366-4463 
uspress@bp.com                                                               
BP America 
US - BP America Press Relations 
http://www.piersystem.com/go/site/1927/ 
(kgt)NY 
 
 
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