Exploration & Production | Government & Regulatory | Incidents / Accidents
BP, U.S, EPA Reach Agreement; BP Now Eligible for New Contracts
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BP plc has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory disqualification of BP following the Deepwater Horizon accident and oil spill.
As a result of this agreement, BP is once again eligible to enter into new contracts with the US government, including new deepwater leases in the Gulf of Mexico.
The administrative agreement applies to all of the suspended and debarred BP entities, including BP Exploration & Production Inc., BP p.l.c. and certain affiliated companies.
John Mingé, Chairman and President of BP America, Inc., commented: "After a lengthy negotiation, BP is pleased to have reached this resolution, which we…
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