Halliburton announced Tuesday that it has reached a $1.1 billion settlement over the Deepwater Horizon oil spill in the Gulf of Mexico. The settlement will cover damage claims from property holders as well as from commercial fisheries that were affected by the spill.
The energy company will pay the $1.1 billion in three installments over the next two years, Halliburton said in a statement. Halliburton also noted that it has lost $1.3 billion in litigation fees associated with the oil spill.
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