Estimate and Explosions Millions

cost estimate: BP said it expects to spend a total of $44 billion after tax deductions are factored in, according to The Japan Times. The new estimate included $5.2 billion in new pre-tax costs. The company issued the estimate Thursday, the first time it has put a total cost on the catastrophe. In 2010, one of the company deep-sea wells blew out off the coast of Louisiana, leading to the sinking of the Deepwater Horizon drilling rig. BP said the cost estimate included all remaining material liabilities. Eleven rig workers were killed in the explosions and millions of gallons of oil spewed into the Gulf for 87 days. (news.financializer.com). As reported in the news.