HOUSTON--(BUSINESS WIRE)--May 20, 2015--
Halliburton (NYSE: HAL) today announced that it has reached an agreement
with BP Exploration & Production Inc. to resolve remaining issues, which
includes indemnities between the parties and dismissal of all claims
against each other, relating to the April 20, 2010, Deepwater Horizon
well incident in the Gulf of Mexico.
“We are pleased to have reached an amicable resolution with BP, our
valued customer, that allows us to close another chapter in the
Deepwater Horizon case for Halliburton,” said Dave Lesar, chairman and
CEO of Halliburton. “This agreement allows Halliburton to strengthen its
relationship with BP by negotiating a global master services agreement
between the companies.”
Halliburton previously announced that it reached an agreement to settle
punitive damages claims against Halliburton by a class of plaintiffs who
allege damages to property or associated with the commercial fishing
industry arising from the Deepwater Horizon incident, and all claims
against Halliburton that BP assigned to the settlement class in BP’s
April 2012 settlement with the Plaintiffs’ Steering Committee.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 75,000
employees, representing 140 nationalities in over 80 countries, the
company serves the upstream oil and gas industry throughout the
lifecycle of the reservoir - from locating hydrocarbons and managing
geological data, to drilling and formation evaluation, well construction
and completion, and optimizing production through the life of the field.
Visit the company’s website at www.halliburton.com.
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and YouTube.
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Source: Halliburton
Halliburton
Kelly Youngblood, 281-871-2688
Investor Relations
Investors@Halliburton.com
or
Emily
Mir, 281-871-2601
Public Relations
PR@Halliburton.com