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Mitsui's defection

20 May 2011 By Fiona Maharg-Bravo

The UK oil major has reached a $1.1 bln settlement with Mitsui, one of its minority partners in the Macondo well. It s a fraction of BP’s estimated $41 bln bill. But BP could get more from Anadarko and Transocean. The chances that BP is found grossly negligent look slimmer, too.

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