BP economic and property damage claims are paid when valid individual claims are approved. Payment of BP medical benefit claims are delayed until a final settlement is approved and any claim appeals are resolved.
February 12, 2015, was the deadline for final medical benefits claims. The deadline for economic and property claims is June 8, 2015. BP estimates it will pay nearly eight billion dollars in claims. BP claims are for damages caused by the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico. The explosion caused an 87-day gusher, spilling 210 million gallons of oil. 11 oil rig workers died.