At the same time BP (NYSE:BP) cleanup costs are rising on a daily basis, the capture rate of oil has been falling.
Costs on a daily basis over the last three days has been $100 million, while the capture rate of oil has plummeted from 28,570 a day during the week to 23,700 barrels a day through the weekend.
That could be a sign that the underwater robot hitting the containment cap may have resulted in a poorer capture rate when it was put back in place, as it has been down ever since.
Before the accident the oil capture rate was at close to capacity.
Once a couple of new vessels are added to the capture system, estimates are as high as 53,000 barrels a day in oil could be capture, which should give a better idea of how much is actually escaping the well.
Showing posts with label Underwater Robot. Show all posts
Showing posts with label Underwater Robot. Show all posts
Monday, June 28, 2010
Thursday, June 24, 2010
BP (NYSE:BP) Cap Operational Again
The cap removed by BP (NYSE:BP) engineers after an underwater robot accident is functional again, and was put back in place as of around 9 PM EDT on Wednesday.
Engineers removed the cap because of concerns over the possibility chrystals could form which would clog the cap, and also they weren't sure if fluid was leaking, which could have generated a safety hazard with flames on the surface.
The system which had the problems was the first one employed in the Gulf by BP, and captures rather than burns the oil off. The second system only burns the oil, as it doesn't have processing or storage facilities.
Concerning removing the cap, managing director for BP, Bob Dudley, who is now heading up the Gulf cleanup effort, said this, "It's a disruption, and the crew again did exactly the right thing because they were concerned about safety. It's a setback, and now we will go back into operation and show how this technology can work."
The robot had bumped into the system a little before 10:00 AM.
Engineers removed the cap because of concerns over the possibility chrystals could form which would clog the cap, and also they weren't sure if fluid was leaking, which could have generated a safety hazard with flames on the surface.
The system which had the problems was the first one employed in the Gulf by BP, and captures rather than burns the oil off. The second system only burns the oil, as it doesn't have processing or storage facilities.
Concerning removing the cap, managing director for BP, Bob Dudley, who is now heading up the Gulf cleanup effort, said this, "It's a disruption, and the crew again did exactly the right thing because they were concerned about safety. It's a setback, and now we will go back into operation and show how this technology can work."
The robot had bumped into the system a little before 10:00 AM.
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