Published on December 4th, 2015 | by adventuremag0
$159.5 million fine levied for 2010 Gulf of Mexico oil spill
Anadarko Petroleum Corp’s 25 percent ownership in well
Surfersvillage Global Surf News, 2 December, 2015 – Anadarko Petroleum Corp has been ordered to pay a $159.5 million civil fine for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
The federal judges said Anadarko was not at fault for the spill but that the company’s 25 percent ownership stake in the Macondo well made it part of the “polluting enterprise” responsible for the disaster, which included the explosion of the Deepwater Horizon drilling rig which killed 11 workers.
The penalty equates to $50 per barrel of oil spilled, well below the maximum $1,100 per barrel, or $3.51 billion, penalty that Barbier could have imposed under the Clean Water Act.
A $159.5 million fine “strikes the appropriate balance between Anadarko’s lack of culpability and the extreme seriousness of this spill,” Barbier wrote in a 34-page decision.
In Tuesday afternoon trading, Anadarko shares were up 29 cents, or 0.5 percent, at $60.19.