BP has dropped its efforts to recoup some payments it made to business as part of its Deepwater Horizon claims program.
The program revision was granted after a federal court found the administrator for the settlement claims did not correctly match the revenues 0f businesses to their expenses, possibly resulting in overpayments.
BP’s appeal, filed in September, included over 790 businesses and pegged the value of the overpayments at hundreds of millions of dollars.
A BP spokesman told NBCDFW the company is withdrawing its appeal in order to “wind down” the claims program.
BP had been seeking restitution for the overpayments plus interest, but it never disclosed exactly how much it was seeking.
The company reached a $20.8 billion civil settlement with the U.S. Department of Justice and five Gulf states last month to resolve civil claims tied to the April 2010 Deepwater Horizon accident.
This fine is the largest civil penalty in the history of environmental law.
The company will pay $8.1 billion in natural resource damages, including $1 billion BP has already committed to pay for early restoration.
BP will also pay a $5.5 billion federal Clean Water Act penalty, plus interest, with 80 percent of those funds going towards restoration efforts in the Gulf region.
The company was facing up to $13.7 billion in Clean Water Act penalties tied to the 2010 spill that killed 11 people.