Bp Plea Agreement

Milazzo stated that it considered the plea agreement to be reasonable and agreed with prosecutors and the company that it “appropriately reflects the seriousness of the offence.” But Ms Anderson said the deal would not change her own situation. “Everyone has asked for closure, closure, closure,” she said. “It`s not necessarily a closure for us, because we still live every day. We get up every day and start again. Life goes on.¬†According to court documents, the Deepwater Horizon drilling rig experienced an explosion and uncontrolled explosions on April 20, 2010, while stationed at the Macondo well in the Gulf of Mexico. In agreeing to plead guilty, BP acknowledged that BP`s two most prominent supervisors aboard Deepwater Horizon, known as BP`s “Well Site Leaders” or “Corporate Men,” negligently caused the deaths of 11 men and the resulting oil spill. The information details that, on the evening of April 20, the two supervisors, Kaluza and Vidrine, observed clear indications that the Macondo well was not secure and that oil and gas were flowing into the well. Despite this, BP officials decided not to take obvious and appropriate measures to prevent the explosion. Their behavior caused the Macondo well to lose control, leading to a disaster. BP also agreed to plead guilty to a Clean Water Act offence; A tally of the offence under the Migratory Birds Treaty Act; and a charge of obstruction in Congress. As part of the plea, BP also agreed to further enhance the safety of drilling in the Gulf of Mexico. These measures relate to BP`s risk management, including third-party review and verification, training, cementing equipment and controllable devices, such as blowout preventers. In addition, BP has agreed to work with scientists and regulators to develop new safety technologies for deepwater drilling.

It was not known whether BP`s plea would limit its ability to contract fuel supplies to the U.S. military. BP was a major supplier to the Pentagon. However, analysts believe this will not affect the company`s ability to offer and explore in the Gulf of Mexico. BP participates in the United States with 23,000 employees and 40 percent of its investments. The company stated that it had “not been informed of the intention of a federal authority to suspend or block the company as part of this plea.” BP announced today that the U.S. District Court for the Eastern District of Louisiana has accepted the company`s plea for the resolution of all federal criminal complaints against the company due to the Deepwater Horizon accident, the oil spill and the reaction. The company offered its plea in court and was convicted as part of BP`s agreement with the Ministry of Justice (DOJ) on November 15, 2012. BP has signed an admission of guilt with the government, which was also filed today and acknowledges his criminal conduct. As part of its admission of guilt, BP agreed to pay $4 billion in fines and fines, the largest criminal decision in U.S.

history. In early 2013, a U.S. District Court approved two pleas to resolve certain criminal proceedings against BP and Transocean, which stemmed from the 2010 Deepwater Horizon explosion and the oil spill. The agreements provide a total of $2.544 billion to the National Fish and Wildlife Foundation (NFWF) to fund projects that benefit Gulf Coast natural resources affected by the spill.