Factbox: Developments in the Gulf of Mexico oil spill

LONDON/VENICE, Louisiana Fri Jun 11, 2010 2:46pm EDT

LONDON/VENICE, Louisiana (Reuters) - Here are developments in the Gulf of Mexico oil spill, the largest in U.S. history:

SPILL CONTAINMENT EFFORTS

* BP Plc said on Friday it collected 15,400 barrels (646,800 gallons/2,448,404 liters) of oil in 24 hours on Thursday, a small decrease from 15,800 barrels collected in the previous 24 hours.

* That brings the cumulative total for six days to more than 88,700 barrels (3,725,400 gallons/14,102,173 liters), BP said.

* BP said it is reconfiguring a service rig used in the failed "top kill" attempt to receive and burn an additional 5,000 to 10,000 barrels per day.

* Once a "hard cap" containment system is in place by the middle of July, BP's oil-siphoning capacity will rise to up to 50,000 barrels per day, U.S. Coast Guard Admiral Thad Allen said. BP's collection capacity is currently about 18,000 barrels per day, Allen said.

OIL SLICK THREAT

* U.S. scientists on Thursday doubled their high-end estimate of the amount of crude oil flowing from BP's stricken well into the Gulf of Mexico to as much as 40,000 barrels per day (1.68 million gallons/6.36 million liters).

* Florida demanded $2.5 billion in escrow to cover potential losses funds as heavier oil washed ashore.

* Mexico said it expects oil to reach its shores by December and is considering how to sue BP for damages.

COMPANY NEWS

* The Times of London said the BP board was planning to escrow dividend pending determination of liability. A BP spokesman told Reuters all options under consideration.

* BP shares were up 7.2 percent in London late Friday after supportive comments from the British government. The shares were up nearly 3 percent in New York at midday.

* BP faces $3 billion to $6 billion cleanup costs and $14 billion in damages, analysts said.

* Top BP investor said it was "fully supportive" of BP CEO and management team.

Bond managers start buying BP in London.

* Shares of Transocean Ltd, driller of the blown-out well, and Anadarko Petroleum Corp, a BP partner in the well, also were up at midday Friday.

POLITICS

* House Speaker Nancy Pelosi said on Friday BP should be subject to unlimited liability costs and should pay all damage claims before issuing a dividend.

U.S. President Barack Obama and senior officials will meet BP Chairman Carl-Henric Svanberg at the White House next Wednesday.

* British Prime Minister David Cameron pledged help fighting the spill and plans to discuss the company with Obama by telephone this weekend.

GLOBAL REACTION

* Eni CEO said the Gulf spill will strengthen OPEC countries' hold on oil markets.

UK prime minister stressed the importance of a strong BP but said frustrated over spill damage.

* Brazil sees silver lining in Gulf spill, more drilling rigs available due to U.S. moratorium.

QUOTE OF THE DAY

"I don't frankly think we're going to reach a solution, stopping the release of oil into the ocean any quicker, by allowing this to spiral into a tit for tat diplomatic and political spat," Britain's deputy Prime Minister Nick Clegg.

(Writing by Bruce Nichols; Editing by Will Dunham and Alan Elsner)

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Comments (1)
Alkan wrote:
I am a 77 yr old retired producer and driller of O&G wells in Oklahoma and think BP needs regulation.

There are ages old solutions to containing pressure and preventing leaks. It is very simple but always requires 2 principles:

The first principle is using parts that fit together.

The second principle is compression (usually bolted with nuts or some mechanical screw mechanism).

Let us examine whether BP has used common sense. They cut off a riser pipe with a saw blade that had no chance of fitting deep into an up stream with many thousands of psi flowing to stick the blade instead of making many side cuts to make a smooth cut. Then they pinched off the rest of the pipe to make something that is extremely hard to fit. The first principle is then lost.

Next they tried to use pipe weight to hold things together instead of using the ages old method of compression to hold their cap and floppy rubber gasket that did not fit well on top. Now they worry about water leaking in because things did not fit tight. Naturally they worry about the fit blowing apart from friction up the riser. Remember, the second principle is compression to hold things together.

You could not drive your car unless compression held your engine head and head-gasket on. Your champagne cork would blow out unless the twist wire did not hold the compression steady. Even Gutenberg could not have made his press work without a screw or some other compression device.

The 2 ages old common sense things have both been violated by BP.

New rules for offshore drilling should soon require compression and parts that fit together to be “required” and “ready” for such disasters like this.

An example should be all BOPs will have a large heavy flat steel top designed to lower a large bell shaped cap over the much smaller pinched off riser pipe. Both should be required to have bolts and nuts to fit them together and tested for a perfect seal under whatever pressures might be expected. Then the two parts will 1.) fit perfectly and 2.) allow compression to seal together perfectly to utilize the two centuries old know principles required. Such failures as this will then be fixed quickly in (at least) days instead of months.

Even deep under the sea, the present leak could be fixed using parts that fit together as the first principle, and compression of the parts as the second principle. How difficult is this for BP to understand?

My crude drawing is just one way to use the two ages old principles that have both been VIOLATED by BP here.

BP… Please use common sense from centuries gone by.

See:

http://i1000.photobucket.com/albums/af122/alkanalkan/Best%20Solution/Best-Solution.jpg?t=1276230302

as just one of many simple solutions that use the two ancient principles of things that fit together (here using a soft metal gasket or liner) and compression to mold the liner to fit the leaking part… as well as hold it there.

Sorry to be so “blunt”… but stupidity makes one sick when the Gulf is dying.

The status quo will not be satisfactory as there appears to be no plan to totally and quickly stop the leak without taking months… and relying on two extremely dangerous relief wells that could also blow out as they also enter the Monster Zone.

As we continue to worry about this ongoing spill, those persons in control of fixing this already know there is only “one” leak. They know that if the “one leak” is totally sealed it would totally stop the problem.

This is because they have stated previously that the “top kill” test for days on end pumped at an equal “arm wrestling” pressure… that held back and was equal to the internal pressure of the well (even thought it leaked mud while pumping). They know that a good seal (1. fit) at the “one leak” if held steady with enough force (2. compression) it would be stable, and could then be choked down to any flow rate they wanted… including zero… or a small minus flow rate… due to slowly pumping down mud to kill the well… which would then allow shutting down the two dangerous relief wells.

They unfortunately do not admit these known facts to us… a worried World… who just sit here… and bite our fingernails as we are kept in the dark.

We understand the ancient two principles of “fit” and “compression”… and surely they do also.

Why are we told… nothing? Why is nothing to fix this being done… now? Why are we having to wait months to fix something with only two simple fix it principles needed? What can “we” do about it? Who is in charge? Will they please explain why they “have not” and “are not” using these two simple principles? Do they even care about our opinions?

Common sense actions can be tolerated when there is a “shared” openness by those in charge.

Jun 13, 2010 1:55pm EDT  --  Report as abuse
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