How much did it cost to clean up the Ixtoc oil spill?
Category:
business and finance
gasoline prices
Pemex spent $100 million to clean up the spill and avoided most compensation claims by asserting sovereign immunity as a state-run company.
Similarly, it is asked, how long did it take to clean up the Ixtoc oil spill?
nine months
One may also ask, how much money does it cost to clean an oil spill?
Cleanup costs for an oil spill could be between $2.4 billion and $9.4 billion dollars. While it is impossible to know exactly how much an oil spill would cost, experts are able to estimate the financial risks by examining historic major spills.
The worst oil spill in history, the Gulf War oil spill spewed an estimated 8 million barrels of oil into the Persian Gulf after Iraqi forces opened valves of oil wells and pipelines as they retreated from Kuwait in 1991. The oil slick reached a maximum size of 101 miles by 42 miles and was five inches thick.