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 collected before it could enter the Gulf waters. In its permit to drill the well, BP estimated the worst-case flow at . Immediately after the explosion the USCG did not estimate any oil leaking from the sunken rig or from the well. On 24 April, USCG Rear Admiral Mary Landry announced that a damaged wellhead was indeed leaking. She stated that "the leak was a new discovery but could have begun when the offshore platform sank . . . two days after the initial explosion." Initial estimates by USCG and BP officials, based on remotely operated vehicles as well as