BP On Hook For Some Deepwater Claims Against Transocean

Law360, New York (January 26, 2012, 7:42 PM EST) -- The federal judge handling multidistrict litigation over the Deepwater Horizon disaster ruled Thursday that BP PLC must cover some oil-spill-related compensatory damages against Transocean Ltd., even if they involved negligence or strict liability on Transocean’s part.

U.S. District Judge Carl Barbier ruled that the drilling contract between the companies required BP to indemnify Transocean, the rig owner, for third-party claims involving oil pollution originating below the surface of the water, even if they stemmed from Transocean’s strict liability, negligence or gross negligence.

The contract, however, doesn’t...
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