January 3, 2012 | Mark Paradies

BBC Reports: BP asks Halliburton to pay for Gulf of Mexico spill

The article starts out:

Oil giant BP has asked its contractor Halliburton to pay for all costs and damages that arose from the oil spill in the Gulf of Mexico. The claims were made in a filing by BP’s lawyer Don Haycraft in a US Federal court.

For the rest of the story, see:

http://www.bbc.co.uk/news/business-16388548

When will this be settled?

My guess is when the two sides go to court (the article says that may happen latter this year).

All this legal activity makes one think… Imagine if BP had put in the effort before the fact improving safety and planning the ill-fated well abandonment that they have put into after the fact blame shifting.

The extra time, money, and effort they were trying to save with quick, hastily planned well abandonment (millions of dollars) and other shortcuts (read the reports from the President’s Commission and the Coast Guard/BOEMRE) wasn’t even close to what they probably have spent in legal costs suing their suppliers/partners (Transocean, Halliburton, Cameron, and others).

Seems their decision making risk matrix wasn’t adjusted properly.

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