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Name | Symbol | Market | Type |
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BP Plc | NYSE:BP | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-0.17 | -0.43% | 39.45 | 39.60 | 39.11 | 39.52 | 6,807,166 | 01:00:00 |
By Sarah Kent
LONDON -- BP PLC is monitoring a spill in the North Sea after a technical problem on a remote platform caused a leak and forced the company to shut down production on Sunday.
The company said the leak from the Clair platform was the result of an issue with the system designed to separate water, oil and gas and lasted for an hour after the problem was detected. It estimated that about 95 tons of oil had spilled into the sea.
The company said it is working with Oil Spill Response Limited and the U.K.'s Department for Business, Energy and Industrial Strategy to assess the potential environmental impact and agree on the best way to respond.
"At present, it is considered that the most appropriate response is to allow the oil to disperse naturally at sea, but contingencies for other action are being prepared," BP said. "The most recent surveillance flight already indicates significant dispersal of the oil at the surface."
A spokesman for BEIS said the department is working closely with BP and the Maritime and Coastguard Agency to resolve the incident. "Safety is the government's number one priority," the spokesman said in an emailed statement.
The Clair platform is located 75 kilometers west of the Shetland Islands. The company said the spill seems to be moving away from land at the moment.
Write to Sarah Kent at sarah.kent@wsj.com
(END) Dow Jones Newswires
October 03, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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