Volume and extent of the Deepwater Horizon oil spill Volume and extent of the Deepwater Horizon oil spill The "Deepwater Horizon" oil spill was discovered on the afternoon of 22 April 2010 when a large oil slick began to spread at the former rig site. According to the Flow Rate Technical Group, the leak amounted to about of oil, exceeding the 1989 "Exxon Valdez" oil spill as the largest ever to originate in U.S.-controlled waters and the 1979 Ixtoc I oil spill as the largest spill in the Gulf of Mexico. BP has challenged this calculation saying that it is overestimated as it includes over of oil which was
Economic effects of the Deepwater Horizon oil spill approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 1 November, BP announced plans to spend $78 million to help Louisiana tourism and test and advertise seafood. The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in losses for each