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BP agrees $18.7 bn deal over oil spill

THE US Gulf Coast states have reached a settlement worth $A24.47 billion with BP over the 2010 Gulf of Mexico oil spill.

OFFICIALS in Florida, Alabama, Mississippi and Louisiana have announced a $US18.7 billion ($A24.47 billion) settlement with BP that resolves years of litigation over the 2010 Gulf of Mexico oil spill.

THURSDAY'S settlement announcement comes as a federal judge was preparing to rule on how much BP owed in federal Clean Water Act penalties after well over 473 million litres of oil spewed into the Gulf.

Original URL: https://www.news.com.au/world/breaking-news/bp-agrees-187-bn-deal-over-oil-spill/news-story/9ad173ad9ef71252761b34850a6a73cf