BP oil spill costs hit $8 billion

BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.

BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.

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BP published figures on Friday which showed that since it capped the well on July 15, it had spent around $90 million per day, in line with the spend rate while the well was gushing over 60,000 barrels per day into the sea.

Analysts had expected that BP’s costs would fall off sharply after the well was sealed for good by drilling a relief well into the base of the blown out well and pumping it full of concrete.