BP has agreed to pay £2.8bn to US authorities over six years to settle claims relating to the Deepwater Horizon spill.
The oil firm announced that it has reached an agreement with the United States government - subject to court approval - to resolve all federal criminal charges against the company.
Eleven workers were killed in the April 2010 explosion of the Deepwater Horizon rig.
The subsequent uncontrolled discharge of crude oil lasted nearly three months and about 200m gallons of oil flowed into the Gulf from the blown-out Macondo well.
The rig was located in water more than 5,000ft deep, and the spill caused widespread environmental damage.
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