InvestorsHub Logo
Followers 6
Posts 3269
Boards Moderated 0
Alias Born 02/07/2001

Re: Smart_Money post# 652945

Tuesday, 06/01/2010 4:11:25 PM

Tuesday, June 01, 2010 4:11:25 PM

Post# of 704019
You misled,,,,,,,,..... They are still trying the " top-cap"

It's Official - Another BP Failure - Efforts To End Flow From BP Well Are Over, Coast Guard Says
Submitted by Tyler Durden on 06/01/2010 12:33 -0500

Barack Obama Mexico NBC New Orleans United Kingdom


From Bloomberg:

BP Plc has given up trying to plug its leaking well in the Gulf of Mexico any sooner than August, laying out a series of steps to pipe the oil to the surface and ship it ashore for refining, said Thad Allen, the U.S. government’s national commander for the incident.

Undersea robots began sawing away damaged pipe today, preparing for the first of those attempts, Allen said today at a press conference in New Orleans. The new strategy, which is subject to disruption by tropical storms and hurricanes, will continue until relief wells being drilled can plug the damaged well from the bottom, he said.

That will happen no earlier than August. BP on May 30 said its “top kill” attempt to plug the well with mud and rubber scrap had failed.

BP will try to install a snug-fitting “top cap” over the gusher within 24 hours to 48 hours once the robots complete severing the pipe. To get a good seal, BP needs a clean cut at the top of the blowout preventer, a five-story stack of valves that failed to prevent an April 20 blowout that killed 11 people and started the spill, Allen said. Should the jet of oil and gas drive the cap aside, another cap designed to let more oil escape will be tried, Allen said.

“We’re talking about containing the well,” Allen said. “We don’t want to restrict the pressure or flow down that well bore because I don’t think we know the condition of it after the top kill.”

Relief Wells

The drilling of a second relief well resumed May 30, Allen said. It had been suspended for several days as BP and government officials, including Energy Secretary Steven Chu, weighed whether to use the rig that was drilling it to install a second blowout preventer atop the damaged one. BP decided not to, Allen said.


Its all lighter fluid, and no wood. eom

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.