Monday, August 30, 2010

BP (NYSE:BP) Puts Gulf Operations on Hold Because of Weather

BP (NYSE:BP) announced its attempt to replace the blowout preventer by removing the sealing cap has been put on hold, as concerns over bad weather has halted the process.

On the company's website they said the high seas is the major factor, and until those conditions subside, they won't proceed with the operations. They will wait till the Gulf waves reach "acceptable levels" before continuing.

A couple of things are important with removing the blowout preventer. The first is to do it in a way where no damage is done to it because it's the key piece of evidence in finding out what caused the accident on the Deepwater Horizon oil rig.

And second, to put a new blowout preventer on the rig in order to prevent the "bottom kill" - which will be the final step in permanently plugging the well - from wrecking the cement plug which was put in place in August.

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