BP reaches $7.8 billion deal over Gulf of Mexico oil spill

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BP reaches $7.8 billion deal over Gulf of Mexico oil spill

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BP says it has reached a $7.8 billion out of court settlement with some of those taking legal action over the worst offshore oil spill in US history.

Eleven people were killed in the explosion of the Deepwater Horizon drilling rig two years ago. Some 4.9 million barrels of oil spewed into the Gulf of Mexico.

The consequences were devastating for the environment, local wildlife and for many of those living and working in the region.

The deal, worth around 6 billion euros, will benefit thousands of fishermen whose livelihoods suffered and others who say they were harmed. Some locals say residue can still be seen.

“When you walk in the marshes and you pull your boot up, you just see it running off. It is definitely still there,” said hunter Anthony James from Walker, Louisiana.

BP insists the deal is not an admission of liability.

It further delays the first phase of the trial over the spill which was due to start on Monday.

The firm still faces separate claims by the US government, Gulf states and drilling partners.