Finance & Business World

As BP Plc’s costs to clean up the oil spill in the Gulf of Mexico rise to more than $3 billion, the company is asking partner Anadarko Petroleum Corp. to help foot the bill.

The London oil giant has so far billed The Woodlands-based Anadarko (NYSE: APC), which holds a 25 percent stake in the Macando well, for $272 million, according to the Associated Press. It also reportedly is charging Mitsui, which holds a 10 percent interest in the well, for $111 million.

In mid-June, Anadarko Chairman and Chief Executive Jim Hackett declared that the April 20 explosion on the Deepwater Horizon and subsequent oil spill was a preventable tragedy and “the direct result of BP’s reckless decisions and actions.”

IHe went on to say that Anadarko should not have to pay for BP’s failure to drill the well in a “good and workmanlike manner.”

Anadarko, according to AP, is evaluating the bill from BP and assessing its contractual remedies payday loan.

Anadarko, along with all the spill-related companies, has seen its stock plummet in the wake of the disaster. Shares closed on July 2 at $38.07, down sharply from $73.79 on April 20, the day of the explosion.

For its part, BP said on July 5 that the cost of the spill response to date now totals about $3.12 billion. A new ‘super skimmer’ is being tested in the Gulf but efforts have been hampered from rain and wind resulting largely from Hurricane Alex. To date, clean-up operations have recovered in total about approximately 673,497 barrels, or 23.5 million gallons, of oily liquid.

The Houston Business Journal is providing continuous coverage of the Gulf oil spill.

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