AOL.com Video - BP Reaches $7.8bn Gulf Oil Spill Deal

VIDEO:News

BP Reaches $7.8bn Gulf Oil Spill Deal

Description:It was a disaster of catastrophic proportions. Eleven people died and nearly 5 million barrels of oil spewed out when this oil well exploded in the Gulf of Mexico two years ago. Now oil giant BP - which owned two-thirds of the Macondo oil well - has reached an estimated $7.8 billion dollar deal with plaintiffs, including fishermen and clean-up workers, just three days before the case was due to go to trial. (1:53)

Source: Reuters

Tags: BP Reaches $7.8bn Gulf Oil Spill Deal , bp deal , bp oil spill , bp trial