| inbluevt | Date: Thursday, 2013/07/25, 11:01 PM | Message # 1 | DMCA |
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Halliburton has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the US department of justice said on Thursday.
The government said Halliburton's guilty plea was the third by a company
over the spill and would require the world's second-largest oilfield
services company to pay a maximum US$200,000 statutory fine.
Halliburton also agreed to three years' probation and to continue co-operating with
the criminal probe into the 20 April 2010 explosion of the Deepwater
Horizon drilling rig.
Court approval of the deal is required. Houston-based Halliburton also made a separate, voluntary $55m payment
to the National Fish and Wildlife Foundation, the justice department
said.
Edward Sherman, a Tulane University law professor, said the plea could suggest weakness in Halliburton's position in negotiating
a settlement over spill-related liabilities. "Their willingness to
plead to this may also indicate that they'd like to settle up with the
federal government on the civil penalties," he said. "It may indicate a
softening of their position."
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