BP Pays Record Settlement - WLTZ 38 | Columbus Georgia Regional News & Community

Gulf Shores, AL (CNN)-

 The Justice Department says BP will pay a record U-S fine to settle criminal claims from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Officials with the DOJ say details of the settlement will be revealed Thursday when Attorney General Eric Holder joins federal and local officials in New Orleans for an announcement.

The London-based oil company said earlier that negotiations with the Justice Department and the Securities and Exchange Commission were "advanced."

The company had no further comment.

In April 2010, an explosion on BP's Deepwater Horizon rig killed 11 workers and fouled the Louisiana coastline and other parts of the Gulf with millions of barrels of oil.

It was one of the worst oil spills in history.