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BP won’t seek to access Transocean’s $750 million insurance policy for the Deepwater Horizon rig. (sergspb/Shutterstock.com)

(Bloomberg) — BP Plc won’t seek to access Transocean Ltd.’s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. history.

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