Alabama governor Robert Bentley said Thursday that his state has reached a $20 million settlement with Transocean Offshore Deepwater Drilling tied to the April 2010 Deepwater Horizon accident.
The governor’s office said the money will go into the state’s general fund.
The settlement follows an agreement in principle reached earlier this year that calls for BP to pay a $20.8 billion civil settlement to resolve claims related to the accident.
Alabama is slated to earn $2.3 billion, with $1.3 billion going directly to the Gulf Coast region and $1 billion to be paid to the state.
A U.S. federal judge assigned Switzerland-based Transocean, the owner of the Deepwater Horizon rig, 30 percent of the fault for the accident that killed 11 people and caused the largest spill in U.S. history.
According to the governor’s office, the accident spilled over 3 million barrels of oil into the Gulf of Mexico.
“The State of Alabama suffered tremendous environmental and economic losses because of the BP/Deepwater Horizon oil spill in April 2010. I appreciate the entire Alabama team for working to ensure Alabama is fairly compensated. This agreement with Transocean is another positive step forward as we continue to recover from the effects of such a significant environmental and economic disaster,” Bentley said.
Transocean has not commented on the settlement yet.
The company announced on Monday that it reached a mutual agreement with Shell EP Wells Equipment Wells Services and Daewoo Shipbuilding & Marine Engineering to delay the operating and delivery contracts of two newbuild ultra-deepwater drillships, the Deepwater Pontus and the Deepwater Poseidon, by 12 months each.
The delay has no impact on the duration or dayrate of the original 10-year operating contracts for each of the two newbuild ultra-deepwater drillships.