According to the oil giant BP, the costs of the oil spill in the Gulf of Mexico have risen to 8 billion dollars and it rose more than 2 billion dollars in the last month alone.

The company has also said that it had paid around 399 million dollars as the compensation claims to the people and organizations affected by the huge oil spill.

The responsibility of the claims was transferred to the Gulf Coast Claims Facility (GCCF) in the last month and it has paid a total amount of 38.5 million dollars so far after taking over the responsibility.

The cost of the Gulf of Mexico oil spill disaster is continuing to rise up for the oil giant BP. But BP has said that the plans for sealing the well permanently were going very well as per the schedule.

According to BP, the drilling of the relief well is expected to be completed in the middle of September. The company has also said no oil have gushed I to the sea after it was stopped in the month of July. This is the biggest disaster for the business history of US as well as for any British company.