Fines, recoveries and penalties form the incident total $1.4bn to be paid over five years, including $300m in payments to the National Academy of Sciences and National Fish and Wildlife Foundation for oil spill prevention and response and restoration projects. An agreement to pay $1bn in civil penalties over three years settles the governments pending civil claims and the Department of Justice has agreed it will not pursue further prosecution of Transocean Ltd. and certain of its subsidiaries.
The total to be paid by the Swiss owner and operator of Deepwater Horizon is dwarfed by BP's $4bn plea bargain which was agreed in January this year.
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