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Transocean had $270M payout

Rick Outzen May 10, 2010

While Gulf Coast counties and municipalities struggle with finding funds to pay for their preparations for the BP oil spill, Transocean Ltd, the owner of the Deepwater Horizon rig leased by British Petroleum, made a $270 million profit from insurance payouts after the disaster, the Sunday Times reports. Read Times Online.

Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”