Saturday, June 19, 2010

Anadarko says BP Acted Recklessley & Unsafely & Should Pay

June 19 (Bloomberg) --Anadarko Petroleum Corp., the Texas oil company that owns 25 percent of the damaged well pouring crude into the Gulf of Mexico, said BP Plc, the project’s operator, should pay the costs from the spill because it acted recklessly and unsafely at the drilling site.


PHOTO: Jim Hackett, CEO of Anadarko

"BP didn’t monitor or react to warning signs as the Macondo well was drilled", Chief Executive Officer Jim Hackett said yesterday in a statement. BP is responsible for damages under such conditions, Anadarko said.


“BP’s behavior and actions likely represent gross negligence or willful misconduct and thus affect the obligations of the parties under the operating agreement,” Hackett said in the statement.

BP said in a statement that it “strongly disagrees” with Anadarko’s position. Chief Executive Officer Tony Hayward said his company expects other parties that may have responsibility for costs and liabilities to meet their obligations.

“These allegations will neither distract the company’s focus on stopping the leak nor alter our commitment to restore the Gulf Coast,” Hayward said in yesterday’s statement. Read complete story at Bloomberg.com

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