In what is his first in-depth newspaper interview since becoming CEO of BP in 2010, Bob Dudley has made it quite clear that they are expecting the trial into the Deepwater Horizon oil spill to last for several years.
The Sunday Telegraph in the UK scored the interview with Dudley, who said that he was hopeful of doing “some deals” on the details of the case, but was really expecting the case to last until 2014.
“We have to remember we are a business that invests in decade long cycles,” Mr Dudley said. “If [the trial] goes to 2013 or 2014, in the history of BP and the way the energy industry works we just have to think much longer term.
“Hopefully we will reach some agreements and we will be able to reduce the uncertainty and move forward. But the appeals process has various different branches it could go down in terms of time so it could be a lot longer than that .”