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No 10: Spill costs 'issue for BP'

BP has urged David Cameron to step in and help with rising compensation costs for the 2010 Gulf of Mexico oil spill, according to reports. No 10 has said Mr Cameron has not spoken to the firm, adding "this is an issue for BP."

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BP 'urges PM to help' with Gulf of Mexico oil spill costs

British Petroleum has urged David Cameron to step in over the company's rising compensation costs for the 2010 Gulf of Mexico oil disaster, according to the BBC.

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon. Credit: REUTERS / US Coast Guard

The company feels its financial recovery is at risk due to these costs and BP also worry that they could become a takeover target, the report says.

BP, who reportedly feel the compensation system is being abused, has urged the Prime Minister to bring up this issue with the US government, the BBC suggests.

The 2010 disaster killed 11 oil rig workers and around four million barrels of oil poured into the Gulf of Mexico.

In 2012, BP agreed to pay £5.4 billion in compensation but the company now expects that cost to be higher.

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