Timeline of the Deepwater Horizon oil spill Timeline of the Deepwater Horizon oil spill The following is a timeline of the "Deepwater Horizon" oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout). It was a massive oil spill in the Gulf of Mexico, the largest offshore spill in U.S. history. It was a result of the well blowout that began with the "Deepwater Horizon" drilling rig explosion on April 20, 2010. BP reports a leak a day. DeepWaterHorizonResponse.com domain registered for one year by PIER Systems in Bellingham, Washington to be used by the United States
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP