Thursday, June 24, 2010

BP (NYSE:BP) Cap Operational Again

The cap removed by BP (NYSE:BP) engineers after an underwater robot accident is functional again, and was put back in place as of around 9 PM EDT on Wednesday.

Engineers removed the cap because of concerns over the possibility chrystals could form which would clog the cap, and also they weren't sure if fluid was leaking, which could have generated a safety hazard with flames on the surface.

The system which had the problems was the first one employed in the Gulf by BP, and captures rather than burns the oil off. The second system only burns the oil, as it doesn't have processing or storage facilities.

Concerning removing the cap, managing director for BP, Bob Dudley, who is now heading up the Gulf cleanup effort, said this, "It's a disruption, and the crew again did exactly the right thing because they were concerned about safety. It's a setback, and now we will go back into operation and show how this technology can work."

The robot had bumped into the system a little before 10:00 AM.

No comments: