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The costs to BP (BP) associated with cleanup, containment, relief well drilling and damage claims arising from the Gulf oil spill has exceeded $3 billion, the London-based energy giant reported Monday.
This includes $147 million in payments to individuals, businesses and governments affected by the spill, which began April 20, but not the $20 billion escrow account that BP agreed on June 16 to set up at President Obama's insistence.
BP also said it has asked for $400 million from partners Anadarko (APC) and Mitsui Exploration in paying the costs. Anadarko and Mitsui were minority stakeholders in the Deepwater Horizon well. Anadarko has refused to accept any blame for the disaster, while Mitsui said it's too early to conclude what happened on the Deepwater Horizon.
BP is reportedly also looking for help to fend off possible takeover bids from rivals such as Exxon Mobil (XOM) or Royal Dutch Shell (RDS.A). Sovereign wealth funds in the oil-rich Middle East may come to the rescue, with as much as $9 billion for up to a 10% stake in BP.
Also, this weekend a giant Taiwanese oil-skimming vessel had its initial test run in the Gulf. The converted cargo ship, dubbed a "whale," is expected to skim as much as 21 million gallons of oil a day. Results of the initial test are expected Monday.
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