The Deepwater Horizon Oil Spill (also referred to as the BP Oil Spill, the Gulf of Mexico oil spill, the BP oil disaster, or the Macondo blowout) is an Oil Spill in the Gulf of Mexico which flowed unabated for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry.
On April 20, 2010 at 9.45 P.M, high pressure methane gas from the well expanded into the drilling riser and was released onto the drilling rig, where it ignited and exploded, engulfing the drilling rig.Efforts by multiple ships to douse the flames were unsuccessful. After burning for approximately 36 hours, the Deepwater Horizon sank on the morning of April 22, 2010
The explosion killed 11 men working on the platform and injured 17 others.
On July 15, 2010, the leak was stopped by capping the gushing Wellhead after it had released about 4.9 million barrels (780,000 m3) of Crude Oil.
BP has agreed to settle lawsuits from thousands of fishermen who lost work and others who claimed they were harmed by the oil giant’s 2010 Gulf of Mexico disaster, in the worst offshore oil spill in U.S. history.
The oil giant said Friday Marc 2,2012 it expects to pay out at least 7.8 billion dollars as part of the settlement. It says it expects the money to come from the $20 billion compensation fund that it previously set out.
About 92,000 claimants had been paid or approved for payment as of 30 October 2010.By November, BP said it had sent $1.7 billion in checks.
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