![MOEX Offshore First Company To Settle With La. Over Oil Spill](http://townsquare.media/site/36/files/2012/02/Oil-Spill-Water-Getty-300x200.jpg?w=980&q=75)
MOEX Offshore First Company To Settle With La. Over Oil Spill
MOEX Offshore is the first company involved in the Deepwater Horizon disaster to settle with Louisiana.
State Coastal Affairs director Garrett Graves says half of the $13.5-million settlement will go to coastal repairs and half will go to land acquisition to help protect the coast.
MOEX Offshore is a minority partner in BP's well blowout that resulted in the worst environmental disaster in U-S history.
Graves says four companies including BP and Transocean have been designated as responsible parties. He says the state is still trying to work out settlements with those companies that will eventually bring billions of dollars to the state.
More From News Talk 96.5 KPEL
![Oil Spill in Southeast Texas After Barge Hits Bridge Near Galveston](http://townsquare.media/site/36/files/2024/05/attachment-Pelican-Island-Bridge-Crash-Galveston-Texas.jpg?w=980&q=75)
![How Did 20,000 Gallons of Oil Get Into a Louisiana Bayou?](http://townsquare.media/site/36/files/2022/09/attachment-Oil-Spill-Photo-courtesy-of-WWL.jpg?w=980&q=75)
![Mexico Lets BP Off The Hook For 2010 Gulf Oil Spill](http://townsquare.media/site/29/files/2018/09/GettyImages-98606587.jpg?w=980&q=75)
![Coast Guard Monitoring Oil And Gas Leak Near Venice Louisiana](http://townsquare.media/site/36/files/2017/03/Courtesy-USCG.jpg?w=980&q=75)
![Bayou Teche Re-Opened In St. Mary Parish](http://townsquare.media/site/36/files/2016/04/Bayou-Teche-St.-Mary-Parish-Sheriffs-Office.jpg?w=980&q=75)
![Charges Dropped In BP Case](http://townsquare.media/site/29/files/2015/12/Deepwater.jpg?w=980&q=75)
![BP To Call Witnesses As It Fights For Lesser Spill Penalty](http://townsquare.media/site/36/files/2013/12/112593093.jpg?w=980&q=75)
![Officials Hopeful Houston Oil Spill Not Hard On Wildlife](http://townsquare.media/site/36/files/2014/03/480542079.jpg?w=980&q=75)
![Dispute Over Law Firm’s BP Oil Spill Claims Continues](http://townsquare.media/site/36/files/2014/02/102611820.jpg?w=980&q=75)