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BP oil spill settlement payouts surpass $2 billion mark, administrator says
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BP oil spill settlement payouts surpass $2 billion mark, administrator says

The Deepwater Horizon Claims Center, which is overseeing the multibillion-dollar settlement between BP and private claimaints, has now paid out more than $2 billion to businesses and individuals who lost money as a result of the 2010 oil spill, the court-appointed claims administrator said Tuesday.

In total, the office has sent offers totaling $3.06 billion to 162,603 eligible claimants as of May 6, Lafayette lawyer Patrick Juneau said in a press release. Juneau said about $2.08 billion has been paid so far to businesses and individuals.

Juneau is expected to file a more detailed report this week on the center's progress with U.S. District Judge Carl Barbier, who is hearing the massive civil trial without a jury.

"This is another milestone in the claims process," Juneau said in a statement. "We started this new process in June of 2012 and in less than a year, we have reviewed claims and determined, by the settlement agreement, that over $3 billion in claims are eligible for payment."

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