Anadarko Ready To Chat With BP

Anadarko Petroleum APC, the Texas-based indpendent oil and gas producer that owns a 25% non-operating interest in the Macondo well project, said it will meet with BP BP, the project's primary operator, to settle legal disputes related to spill-related costs. Anadarko has previously refused to pay BP $272 million the British oil giant requested as Anadarko's share of spill costs. BP said that amount is based is equivalent to Anadarko's stake in the project. Japan's Mistui MITSY has also refused to pay BP $111 million, the amount equivalent to the Japanese company's 10% non-operating interest in the project. Anadarko has said that BP violated the joint-operating agreement the companies shared for the project, citing willful negligence on BP's part in operating the Deepwater Horizon rig. BP has said responsible parties should live up to their obligations and that it’s evaluating its options, according to Bloomberg News. An agreement among the partners calls for arbitration to resolve the disagreement, Bloomberg reported.