Occidental Petroleum Corp. has agreed to pay $180 million in compensation to victims' families and survivors of the Piper Alpha oil rig disaster.
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Lawyers for the families of 126 of the 167 people killed and for 50 of the 62 survivors of the July 6 fire in the North Sea said they will urge their clients to accept Tuesday's offer from the Piper platform's U.S. owner. A source close to the negotiations said the average payment would be $1.08 million for each family.