Thursday, February 17, 2011

BP (BP) Moratorium Relief Fund to Pay Supply Workers

For the first time since the BP (NYSE:BP) moratorium relief fund was set up, supply worker to oil rigs will be eligible for economic relief.

The $100 million moratorium relief fund shouldn't to be confused with the $20 billion escrow fund of BP's administered by Kenneth Feinberg; they're two separate funds.

Supply workers are those who supply or support workers on the oil rigs.

The suppliers were devastated from the misguided Gulf oil moratorium put in place by Obama in response to the oil spill.

Approximately 9,000 workers may qualify for awards from the fund, with payouts from $3,000 to $30,000.

The fund is administered by the Gulf Coast Restoration & Protection Foundation, and claimants can file for relief online at www.RigReliefGrants.org or by calling 866.577.8141 beginning on March 15.

Parameters for successful filing are people had to be working on May 6, 2010 in direct support of a Gulf deepwater drilling rig to qualify.

No comments: