Tuesday, June 29, 2010

Is BP (NYSE:BP) Oil Leaking More?

Ever since the underwater robot hit the containment cap on the oil well deep in Gulf waters, the amount of oil BP (NYSE:BP) has been able to capture has dropped about 4,000 barrels a day.

That at least suggests that after the cap was put back on, the efficiency of the system isn't what it had been prior to the accident.

The four days before the accident the oil collection rate had been about 28,000 barrels a day, while after the accident it's been around 24,000 a day.

On Monday that continued, as the combined systems of recovering oil capture 23,395 barrels, again lining up with the levels since the underwater accident.

The amount of oil captured included oil collected and oil flared on the two vessels being used.

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