The oil giant said it expects to take a charge of that amount in its upcoming earnings report from the fourth quarter of 2018.
The energy giant BP Plc (formerly known as British Petroleum) is expected to record costs for 1.7 billion Dollars in Q4 2017 related to the environmental incident with the Deepwater Horizon platform in 2010.
As of 08:40 GMT, BP's share price had given up 1.37 percent to 525.40p.
Peter Madsen charged with murder and dismemberment of Swedish journalist Kim Wall
But he later changed this and maintained she was killed by carbon monoxide poisoning inside the submarine while he was up on deck. Madsen, 47, is charged with murder, dismemberment and indecent handling of a corpse for the way he disposed of Wall's body.
The company announced that it would take the charge as part of the Court Supervised Settlement Program (CSSP) for the Deepwater Horizon class action settlement. It has cost the company tens of billions of dollars in compensation and other costs.
BP paid around $63.4 billion by the end of September to cover clean-up costs and legal fees linked to the largest environmental disaster in United States history where 11 rig workers were killed.
According to BP, the cash impact is expected to be spread over a multi-year period.
FBI warned Trump's son in-law on Murdoch ex-wife
If Deng Murdoch is attempting to exert influence, it doesn't seem to be working well enough even to get Xi his Beltway garden. NY magazine points out the story comes via a paper owned by News Corp , whose CEO is Murdoch's ex, Rupert Murdoch .
The charge comes from significantly higher claims determinations issued by the CSSP in the fourth quarter.
"Work on claims for damages is nearly over, and we now have a better look at our remaining obligations", said the Chief Financial Officer of BP, Brian Gilvary.
"We note that the last few remaining claims are likely to be the most complex and sizeable, with this quarter's provision being evidence of that", Warn said.
Haryana govt bans release of "Padmaavat"
He said the entire cabinet supported him on the move to impose a ban on screening of the film in Haryana. Amid controversies, the Central Board of Film Certification (CBFC) passed Padmaavat with few edits.
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