UPDATE 1-BP delays Q3 results due oil spill complexities

* Accounting difficulties force delay in reporting

* Spokesman says no new major liabilities found

* Says lawyers helped draft internal disaster report

* Denies lawyers sought to protect BP’s position

(Adds detail, company spokesman)

LONDON, Sept 10 (BestGrowthStock) – BP Plc (BP.L: ) said it would
delay the release of its third quarter results by a week because
of added complexities in its accounts due to costs associated
with the Gulf of Mexico oil spill.

BP said in a statement that its third quarter results,
normally reported on the last Tuesday of the month after the end
of a calendar quarter, would now be released on Nov. 2, rather
than Oct. 26.

A spokesman said the decision followed the company finding
the preparation of its previousl quarterly results challenging
to complete within the normal timeline, and denied it was
related to the discovery of any new liabilities.

On Wednesday, BP produced an internal investigation into the
explosion on the Deepwater Horizon drilling rig, which exploded
on April 20, and sunk, leading to the United States’ worst ever
oil spill.

The spokesman said the team compiling the report, which laid
most of the blame on the companies BP hired to drill the well,
had been supported by internal and external lawyers.

However, he said the lawyers had been “ring-fenced” from the
rest of BP and denied their role was to frame the report — much
criticised by the contractors and U.S. politicians — so as to
help BP fend off lawsuits.

“Their role was to make sure everything in the report was
legally watertight,” spokesman Andrew Gowers said.

(Editing by David Cowell)

UPDATE 1-BP delays Q3 results due oil spill complexities