BP May Seek to Avoid Responsibility, Transocean Says
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Transocean Ltd., the owner of the Gulf of Mexico drilling rig destroyed in a blast that triggered the worst accidental oil spill, said operator BP Plc may seek to avoid its full contractual responsibility for the disaster.
Transocean, which leased the Deepwater Horizon to BP, said in a regulatory filing that the company’s contract protects it from penalties and liabilities other than for contamination resulting from operations controlled by the rig owner on or above the surface of the water.