Showing posts with label Q4000. Show all posts
Showing posts with label Q4000. Show all posts

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.

Tuesday, June 22, 2010

BP (NYSE:BP) Captures Record 25,830 Barrels of Oil

The combination of two oil-capture systems resulted in a record capture of oil for BP (NYSE:BP), either collecting or burning 25,830 barrels of oil on Monday.

One system brings the oil to a vessel which resells the oil, the other ends on a ship which flares or burns the oil off.

Total estimated daily capacity for the two systems is 28,000 barrels a day, which they're close to reaching, as revealed by the numbers.

Helix Q4000, the second system to be installed, has no capability to process or store oil, the reason it burn the oil and gas it collects. This system is already running on full capacity, while the first system, which collected 15,560 barrels on Monday, is approaching capacity.

Estimates of up to 60,000 barrels a oil day may be entering the Gulf of Mexico.

Friday, June 18, 2010

BP (NYSE:BP) Captures 25,000 Barrels Thursday

According to Coast Guard Admiral Thad Allen, BP (NYSE:BP) captured the most oil it has so far in a day, collecting 25,000 from the oil well.

This is partly from the second system employed by the company, which is able to collect, on the top side, an additional 10,000 barrels of oil a day. They almost reached the capacity, capturing 9,270 barrels.

The original system, where the containment cap was put into place, also collected the most for a day, gathering 16,020 barrels on Thursday.

Combined capacity for the two ships is about 28,000 of barrels a day captured.

The oil captured on the Helix Q4000 is burned off on as they recover it, because it has no processing or storage capacity.

Thursday, June 17, 2010

BP's (NYSE:BP) Q4000 Rig Captures 2,600 Barrels in First 12 Hours

In the first twelve hours of use, the Q4000 rig employed by BP (NYSE:BP) captured 2,600 barrels of oil, helping BP enjoy the highest amount of oil captured since the oil leak began for a 24-hour period.

The oil collected with the Q4000 rig is flared or burned rather than resold on the market.

During the same 12-hour period of time, the original containment cap collected 7,700 barrels of oil.

In other related news, the two relief wells being drilled to permanently stem the flow of oil are going well, with the first one now down to 15,000 feet, and is reportedly 11 days ahead of schedule; good news for all concerned, including BP.

The second relief well is down to a depth of just under 10,000 feet.

BP (NYSE:BP) Captures Most Oil Since Leak Began

Wednesday was a significant milestone for BP (NYSE:BP) in its ongoing battle to minimize the amount of oil flowing into the Gulf of Mexico, as they had their best day of capturing oil, reaching 18,600 barrels, almost 80 percent over the amount of oil captured the day before.

Much of that is due to the newest vessel added to the effort, the Q4000, which was able to capture 21 percent of all the oil on Wednesday, which was burned off. The rest was stored on the Discoverer Enterprise, the ship which has been used to process the oil captured since the cap was successfully put in place.

Next week BP has a goal of capturing 28,000 barrels a day, and as high as 53,000 barrels a day by the end of June.

Government scientists have been all over the map with their estimates of how much oil is leaking into the Gulf, but we should find out if the high end of their estimate - which is 60,000 barrels a day - is accurate when BP has the capacity to collect 53,000 barrels a day.

Tuesday, June 15, 2010

Fire on BP (NYSE:BP) Oil Processing Vessel

Earlier today BP (NYSE:BP) had to stop capturing and processing oil as a fire broke out on the Discoverer Enterprise, the oil tanker being used to collect the oil on a daily basis since the cap was placed on the oil well.

There was reportedly no permanent damage to the BP vessel, and the oil processing stoppage was only temporary.

Conjecture is the fire probably started as a result of the ship being hit by lighting, which caused the stoppage in oil recovery at about 10:30 AM EDT.

Another ship in the area, Q4000, may begin operations for capturing oil in the area today, which would add approximately 50 percent more capacity to capturing the oil, reaching up to 28,000 barrels a day.

With no one really sure as to how much oil is escaping the oil well, it seems BP is taking a incremental strategy to attack the problem, although if they need to, they're ready to capture up to 50,000 barrels of oil if there is that much leaking into the Gulf.