Thursday, June 24, 2010

BP (NYSE:BP) Collects 40 Percent Less Oil on Wednesday

The amount of oil captured by BP (NYSE:BP) on Wednesday plunged by 40 percent, as an underwater robot hit the containment cap, which ended up shutting down operations on the one system for about 10 hours.

Consequently, only about 16,830 barrels were captured, after two days in a row where the oil giant was able to break their daily record.

BP had to remove the containment cap in order to make sure it wasn't compromised, while also checking to be sure no fluid was escaping, as that could have been disastrous because of the flare up above.

The Q4000, which burns off the oil and gas collected, remained in operation throughout the day.

No comments: