BP oil spill response costs have reached $450MM -- so far

By Phaedra Friend Troy

BP, the operator of the Macondo well, has reported costs related to its oil spill response at $450 million -- so far.

The British super producer has been heading efforts to contain and stop the oil from spilling from the Macondo well in the deepwaters of the Gulf of Mexico.

BP’s efforts include a subsea and above the water oil spill response, including drilling two relief wells, oil containment domes and ROV support, as well as 1.2 million feet of boom to protect the shoreline, controlled oil burns and air-deployed oil dispersants.

Also, 6,700 claims have been filed, and BP has already paid 1,000 of them. BP has also committed monies to the states along the Gulf Coast, as well as paid settlements and federal costs.

There are more than 13,000 people working on the oil spill response effort both from the Gulf Coast and from the water. Sixteen federal agencies have been activated to help in the effort, including MMS, USGS and NASA.

Furthermore, 16,000 people have registered to volunteer with the oil spill response effort.

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