Deepwater Horizon Halliburton. BP issued a statement strongly disagreeing with the finding, and saying the court's decision would be appealed. On 8 December 2014, The US Supreme Court rejected BP's legal challenge to a compensation deal over the 2010 Gulf of Mexico oil spill. The settlement agreement had no cap, but BP initially estimated that it would pay roughly $7.8bn (£6.1bn) to compensate victims. Deepwater Horizon Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig owned by Transocean. Built in 2001 in South Korea by Hyundai Heavy Industries, the rig was commissioned by R&B Falcon (a later asset of Transocean),
Volume and extent of the Deepwater Horizon oil spill in August 2010. USF's David Hollander remarked, "Oil's presence on the ocean floor didn't diminish with time; it grew" and he pointed out, "the layer is distributed very widely," radiating far from the wellhead. In 2013, some scientists at the "Gulf of Mexico Oil Spill and Ecosystem Science Conference" said that as much as one-third of the oil may have been mixed with deep ocean sediments and dragged to the bottom of the ocean floor where it remains, risking damage to ecosystems and commercial fisheries. Oil at or near the site of the spill following well closure has suggested to