NEW ORLEANS -- The head of BP America Inc. said he believes the company is moving closer toward once again being allowed to bid on federal contracts.
Company President and CEO John Minge said Wednesday -- without giving details -- he thinks an agreement might be reached with the U.S. Environmental Protection Agency and Department of Justice.
"We're working with EPA. I think we're getting closer to an agreement," Minge said in a speech to the Louisiana Mid-Continent Oil and Gas Association. Minge did not take questions after speaking.
The Obama administration suspended BP's ability to get new federal contracts in late November 2012, after it pleaded guilty to criminal counts resulting from the Deepwater Horizon disaster in the Gulf of Mexico in 2010 that killed 11 men and spilled millions of gallons of oil into the gulf.
"We pleaded guilty and we are guilty of the 12 felonies and two misdemeanors," Minge said.
The federal suspension also keeps BP from new joint ventures to drill in areas where an oil or gas deposit overlaps one or more areas leased by other companies, he said.
He said the company had expected time to work out an agreement with the EPA, which blocks new contracts with companies that violate the Clean Water Act.
Officials at the company were shocked, he said, to get notice about 10 days after the plea that every BP business in the country was barred from new federal contracts, rather than just those doing business in the Gulf of Mexico.
The first agreement proposed by federal lawyers was 82 pages -- about three to four times longer than most such agreements, he said.