BP, partner settle for $1.1B

Alejandro De Los Rios May 25, 2011, 6:00am


NEW ORLEANS (Legal Newsline) - BP has announced that it has settled its lawsuit against one of its partners in the Deepwater Horizon oilrig for $1.1 billion.

Japanese company Mitsui, which does business in the United States as MOEX USA, owned a 10 percent stake in the failed Macondo well that led to the massive 2010 oil spill in the Gulf of Mexico.

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