BP's clean-up costs to date amount to some $3.12bn (£2bn), including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. To recoup some of those losses, in June BP sent out demands for almost $400m to its partners in the well – Houston-based Anadarko and Japan's Mitsui Oil Exploration Company. Anadarko owns 25% of the well and Mitsui has 10%. Anadarko, however, has flatly refused to pay up.
Guardian: BP attempts to place new cap over Gulf of Mexico oil rupture
MOECO website said on May 10, 2010:
Mitsui Oil Exploration Co., Ltd. (''MOECO'') announced today that on April 20, 2010, a third party semi-submersible drilling rig, which was conducting exploration work on the Mississippi Canyon 252 block in the Gulf of Mexico, experienced a fire incident, which sank the drilling rig and resulted in leakage of hydrocarbons from the well, as reported in the press. MOEX Offshore 2007 LLC, a 100% subsidiary of MOEX USA Corporation (a 100% subsidiary of MOECO), has a 10% working interest in the block as a non-operator, which is operated by BP Exploration and Production Inc. A full response is being conducted by the operator, the drilling rig owner and government entities. MOECO maintains insurance policies.
MOECO is unable, at this time, to determine the cause of the incident, and the impact, if any, that the incident will have on MOECO's future operating results, financial position or cash flows.
But these huge companies are almost never held accountable. Mitsui is also involved in many other ventures, such as a project in the ocean near Thailand and Cambodia.
If a similar disaster struck there, would we be getting daily reports in international media?
Would clean up operations be properly paid for and would local fishermen and others be compensated?
Where is your oil, gasoline and gas coming from? Can you reduce? What about "fossile fuels" and climate change issues? By mid 2010, are we getting closer to supplying our energy needs using renewable energy?
Are you prepared to deal with life without cheap oil?