MOEX Reaches Gulf Spill Accord as BP Settles With Well Supplier
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Mitsui & Co.’s MOEX Offshore 2007 LLC will pay $90 million to the U.S. and five states to settle pollution violations related to 2010 Gulf of Mexico oil spill while BP Plc and its drilling fluid provider for the Macondo well agreed to dismiss claims against each other.
The U.S. filed a consent order yesterday in federal court in New Orleans outlining the MOEX settlement of Clean Water Act violations. The agreement requires MOEX to pay $45 million in civil penalties to the U.S. and about $25 million total to Alabama, Florida, Louisiana, Mississippi and Texas, court papers show. MOEX will also pay $20 million for land acquisition projects, the U.S. said.