Gulf oil spill settlement payment offers rise to $4.4 billion

The administrator of last year’s civil settlement between BP and thousands of victims of the 2010 Gulf of Mexico oil spill said Wednesday he has now offered $4.44 billion in payments to claimants, up about  $470 million from a month ago.

According to the report filed in federal court in New Orleans by claims administrator Patrick Juneau, some 53,309 eligibility notices have gone out with the offers, a per-claim average of  about $83,000.

BP is awaiting word from a federal appeals court on its challenge to the way Juneau is calculating payments to claimants reporting business economic losses.

In his latest report, Juneau says the total includes $2.67 billion on 10,516 business economic loss claims, a per-claim average of roughly $254,000.


About The Author

Veteran newsman currently covering energy for The Houston Chronicle. Spent 12 years at The Associated Press covering energy, airlines, general business news, legal affairs, politics and state and federal government issues. Won or shared numerous awards and award nominations for coverage of the Gulf oil spill, Delta Air Lines, the Atlanta courthouse shootings and the murders of two Dartmouth College professors. Prior to AP, worked at two daily newspapers in the Boston area.