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UPDATE ON GULF OF MEXICO OIL SPILL

Date : 07/06/2010 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : BP (BP.)
Quote : 455.0  -5.4 (-1.17%) @ 16:35

UPDATE ON GULF OF MEXICO OIL SPILL


 

TIDMBP. 
 
RNS Number : 1497N 
BP PLC 
07 June 2010 
 

press release 
 
 
June 7, 2010 
 
                  UPDATE ON GULF OF MEXICO OIL SPILL RESPONSE 
 
BP today provided an update on developments in the response to the MC252 oil 
well incident in the Gulf of Mexico. 
 
Subsea Source Control and Containment 
 
The lower marine riser package (LMRP) containment cap, installed on June 3, 
continues to collect oil and gas flowing from the well and transport them to the 
Discoverer Enterprise drillship on the surface. On June 5, a total of 10,500 
barrels of oil was collected and 22 million standard cubic feet of natural gas 
was flared.  From June 3 through June 5, the volume of oil collected was 16,600 
barrels and 32.7 million standard cubic feet of natural gas was flared. 
Optimization continues and improvement in oil collection is expected over the 
next several days. It will be a few days before an assessment can be made as to 
the success of this containment effort. 
This is a complex operation, involving risks and uncertainties, being carried 
out 5,000 feet under water. The LMRP containment cap never before has been 
deployed at these depths and conditions, and its efficiency and ability to 
contain the oil and gas cannot be assured. 
The volume of oil captured and gas flared is being updated daily on BP's 
website, www.bp.com 
Preparations for additional planned enhancements to the LMRP cap containment 
system continue to progress. 
 
The first planned addition will use the hoses and manifold that were deployed 
for the "top kill" operation to take oil and gas from the failed Deepwater 
Horizon blow-out preventer (BOP) through a separate riser to the Q4000 vessel on 
the surface, in addition to the LMRP cap system. This system is intended to 
increase the overall efficiency of the containment operation by possibly 
increasing the amount of oil and gas that can be captured from the well and is 
currently expected to be available for deployment in mid-June. 
 
The second planned addition is intended to provide a more permanent LMRP 
containment cap system by directing the oil and gas to a new free-floating riser 
ending approximately 300 feet below sea level.  A flexible hose then will be 
attached to a containment vessel.  This long-term containment option is designed 
to permit more effective disconnection and reconnection of the riser to provide 
the greatest flexibility for operations during a hurricane and is expected to be 
implemented in early July. 
 
In the meantime, work on the first relief well, which started May 2, continues 
and has currently reached a depth of 12,956 feet. The second relief well, which 
started May 16, is at 8,576 feet, and testing of the BOP is continuing. Both 
wells are still estimated to take approximately three months to complete from 
commencement of drilling. 
 
Surface Spill Response and Containment 
 
Work continues to collect and disperse oil that has reached the surface of the 
sea, to protect the shoreline of the Gulf of Mexico, and to collect and clean up 
any oil that has reached shore. 
 
More than 2,600 vessels are now involved in the response effort, including 
skimmers, tugs, barges and recovery vessels. Operations to skim oil from the 
surface of the water now have recovered, in total, approximately 368,000 barrels 
(15.5 million gallons) of oily liquid. 
 
The total length of containment boom deployed as part of efforts to prevent 
oil from reaching the coast is now over 2.2 million feet, and an additional 2.4 
million feet of sorbent boom also has been deployed. 
 
To date, approximately 37,000 claims have been submitted and more than 18,000 
payments already have been made, totalling approximately $48 million. BP has 
received more than 152,000 calls into its help lines. 
 
Additional information 
 
The cost of the response to date amounts to approximately $1,250 million, 
including the cost of the spill response, containment, relief well drilling, 
grants to the Gulf states, claims paid, and federal costs. This excludes the 
$360 million in funds for the Louisiana barrier islands construction project. It 
is too early to quantify other potential costs and liabilities associated with 
the incident. 
                                       -- 
 
BP Press Office London: +44 20 7496 4076 
BP Press office, US: +1 281 366 0265 
Unified Command Joint Information Center: +1 985-902-5231 
www.deepwaterhorizonresponse.com 
www.bp.com/gulfofmexicoresponse 
 
 
                                    - ENDS - 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCFRMATMBBMMPM 
 

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