Thursday, June 10, 2010

BP (NYSE:BP) Captured 15,800 Barrels of Oil Wednesday

The increase in barrels of oil captured by BP (NYSE:BP) slowed Wednesday, after several days of huge surges. The amount was up slightly from Tuesday's total of 15,600 barrels, reaching 15,800 barrels collected for the day.

One problem BP faces with capturing the oil is the ability of the one tanker they have in the area to process it. According to Coast Guard Adm. Thad Allen, the existing vessel could probably process up to 18,000 barrels of oil a day.

A second vessel in on the way to help in that regard, expected to arrive soon, and which reportedly will be able to process an additional 5,000 to 10,000 barrels a day.

BP said they could have a system in place next week which would capture up to 28,000 barrels of oil a day. They added that some of that would have to be flared.

Since the capped the leaking oil well, BP has kept 73,300 barrels of oil from escaping into the ocean.

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