British Petroleum (BP), the operator on the oil drilling lease with a 65% stake, insured itself, rather than buying coverage from insurance companies.
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British Petroleum (BP), the operator on the oil drilling lease with a 65% stake, insured itself, rather than buying coverage from insurance companies. Industry analysts estimate total costs related to the oil spill clleanup and damages could exceed $14 billion. <ref>[http://uk.reuters.com/article/idUKLDE6410IJ20100502 U.S. oil spill could bill could exceed $14 billion,] Tom Bergin, ''Reuters,'' 2 May 2010.</ref>