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 or littoral communities, which were not the subject of this study. 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