Maritime News

Company pays out $90m for Deepwater Horizon spill

24 February 2012

Moex Offshore (part of the Japanese company Mitsui) has agreed to a settlement of US$90 million with the US government following its role in the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The settlement includes a $70 million penalty for violations under the US Clean Water Act – the largest ever – as well as $20 million for conservation projects in the Gulf of Mexico region. 

Moex had been a minority investor in the lease for the oil well, and the settlement with the company does not affect the potential liability of other parties involved in the Deepwater Horizon oil spill. 

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