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UPDATE ON GULF OF MEXICO OIL SPILL

Date : 21/06/2010 @ 07:01
Source : UK Regulatory (RNS & others)
Stock : BP (BP.)
Quote : 469.95  4.15 (0.89%) @ 16:35

UPDATE ON GULF OF MEXICO OIL SPILL


 

TIDMBP. 
 
RNS Number : 9268N 
BP PLC 
21 June 2010 
 

 
+---------------------------------------------------------------+ 
| press release                                                 | 
+---------------------------------------------------------------+ 
June 21, 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 
 
Two systems continue to collect oil and gas flowing from the MC252 well and 
transport them to vessels on the surface.  The first is the lower marine riser 
package (LMRP) containment cap located on top of the Deepwater Horizon's failed 
blow-out preventer (BOP).  This system, which was installed on June 3, takes oil 
and gas to the Discoverer Enterprise.  A second system, which started on June 
16, is connected directly to the BOP and carries oil and gas through a manifold 
and hoses to the Q4000 vessel on the surface.  The Q4000 uses a specialised 
clean-burning system to flare both oil and gas captured by this second system. 
 
On June 19, a total of approximately 11,050 barrels of oil was collected and 
25.6 million cubic feet of natural gas was flared on the Discoverer Enterprise. 
This is less than recent averages because process facilities were shutdown for 
part of the day.  In the same 24-hour period, 9,990 barrels of oil and 17.8 
million cubic feet of natural gas were flared on the Q4000.  The total volume of 
oil recovered from both the LMRP containment cap system and the Q4000 since they 
became operational is approximately 249,500 barrels. 
 
Approximately 103,000 barrels of collected oil were transferred from storage on 
the Discoverer Enterprise to the Overseas Cascade tanker on June 17 and June 18. 
 The Overseas Cascade left the MC252 site on June 18. 
 
The volumes of oil and gas that are captured or flared is being updated twice 
daily on BP's website, www.bp.com. The LMRP containment cap and Q4000 systems 
never before have been deployed at these depths and conditions, and their 
efficiency and ability to contain or flare the oil and gas cannot be assured. 
 
Preparations continue for the next step in containment operations. Construction 
of the first floating riser remains on schedule for the end of June.  The Helix 
Producer vessel then will be connected to this riser and it is currently 
anticipated that this system will be available to begin first operations around 
the end of June or early July. 
 
Plans also are being developed for further options to provide additional 
containment capacity and flexibility.  These projects are currently anticipated 
to begin operations around mid-July. 
 
Work on the first relief well, which started May 2, continues and has currently 
reached a measured depth of 15,936 feet. The second relief well, which started 
May 16, is at a measured depth of 10,000 feet. 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. 
 
Operations to skim oil from the surface of the water now have recovered, in 
total, approximately 558,000 barrels (23.4 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 about 2.7 million feet (500 miles), and about 
3.9 million feet (740 miles) of sorbent boom also has been deployed. 
 
 
Additional information 
 
To date, over 65,000 claims have been submitted and more than 32,000 payments 
have been made, totalling over $105 million. 
 
The cost of the response to date amounts to approximately $2.0 billion, 
including the cost of thespill response, containment, relief well drilling, 
grants to the Gulf states, claims paid, and federal costs. On June 16, BP 
announced an agreed package of measures, including the creation of a $20 billion 
fund to satisfy certain obligations arising from the oil and gas spill. 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 
www.bp.com/gulfofmexicoresponse 
 
                                    - ENDS - 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCFBMATMBTTMPM 
 

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