Anadarko Could Settle Some Spill Claims

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Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, said it may settle some claims related to the Gulf of Mexico oil spill, the largest oil spill in U.S. history, but the company maintained its stance that it is no liable for the accident.

Texas-based Anadarko (APC) held a 25% non-operating interest in the Macondo well project. The company has been steadfast in its belief that it holds no liability for the spill and has not been shy about laying blame for the fatal accident squarely at the door of BP, the project's primary operator.

''We feel very strongly about our position, but we're prepared to come to the table under the right circumstances,'' Anadarko CEO Jim Hackett said today on a conference call with analysts, Reuters reported.

Last month, Moody's Investors Service said Anadarko, BP (BP) and Transocean (RIG), the owner of the Deepwater Horizon rig, could face penalties of $40 billion to $60 billion related to the spill. BP has asked partners in the Macondo well project such as Anadarko to pay a share of the damages equal to their stakes in the project, but those partners have declined.

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