BP PLC 
By Release date: 26 January 2012
Today's ruling makes clear that contractors
will be held accountable for their actions under the law.
While all official investigations have concluded that
Transocean played a causal role in the accident, the
contractor has long contended it is fully indemnified by
BP for the liabilities resulting from the oil spill. The
Court rejected this view.
Under the decision Transocean is, at a minimum,
financially responsible for any punitive damages, fines
and penalties flowing from its own conduct. As we have
said from the beginning, Transocean cannot avoid its
responsibility for this accident.
By contrast, since the spill we have stepped up,
acknowledged our role and paid more than $7.8 billion in
claims, advances and other payments to individuals,
businesses and governments.
Further information:
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