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With US court approval of the proposed Consent Decree, the July 2015 agreement BP reached to settle all federal and state claims for up to US$18.7 billion is now effective. The ruling marks the end of material regulatory and financial uncertainties for BP related to the Deepwater Horizon incident, with only the final Plaintiff Steering Committee payments to agree.
Confirmation of the remaining financial liability for Deepwater Horizon will allow BP to fully focus on adapting to a 'lower for longer' price environment. We have identified the company's top three strategic drivers.
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Description
This Upstream Oil and Gas Inform report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
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Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
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Inform | Apr 2016
BP: final court approval ends Deepwater Horizon uncertainty
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