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Factbox: Developments in the Gulf of Mexico oil spill
June 11, 2010 / 1:02 AM / 7 years ago

Factbox: Developments in the Gulf of Mexico oil spill

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


* 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.


* 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.


* 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.


* 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.


* 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.


“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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