BP Settles With Deepwater Drill Fluid Provider Over Spill

Law360, New York (February 17, 2012, 10:28 PM EST) -- BP PLC said Friday it had settled with M-I LLC over M-I's role in providing drilling fluid and services at the oil well involved in the 2010 Deepwater Horizon disaster, asking the federal judge presiding over the multidistrict litigation to dismiss the claims with prejudice.

The filing didn't provide details of the settlement, which resolves both claims M-I filed in May seeking indemnification from BP after it was sued by other parties in the multidistrict litigation and claims BP filed against M-I in June, alleging the...
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