Friday, May 28, 2010

BP (NYSE:BP) "Top Kill" to Use "Junk Shot"

The next phase by BP (NYSE:BP) at their attempt to "Top Kill" the oil leak in the Gulf will be to us what is called a "Junk Shot."

A "junk shot" refers to using materials like golf balls, shredded rubber tires and pieces of rope and injecting them into the broken blowout preventer. This would hopefully clog it all up and stop the oil flow.

BP said injecting the material into the preventer would fill in gaps now open, which would help the fluid and mud end up in the well, something that they've had difficulty doing to this point.

While the leak will eventually be plugged, this is the best chance by BP to do it quickly, as pressure continues to mount stop the oil flow.

No comments: