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),
Ixtoc I oil spill Ixtoc I oil spill Ixtoc I was an exploratory oil well being drilled by the semi-submersible drilling rig "Sedco 135" in the Bay of Campeche of the Gulf of Mexico, about northwest of Ciudad del Carmen, Campeche in waters deep. On 3 June 1979, the well suffered a blowout resulting in one of the largest oil spills in history. Mexico's state-owned oil company Pemex (Petróleos Mexicanos) was drilling a deep oil well when the drilling rig "Sedco 135" lost drilling mud circulation. In modern rotary drilling, mud is circulated down the drill pipe and back up the well bore to