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May 24, 2010

BP Plans Plug Attempt in US Gulf

BP aims to plug the oil leak off the Louisiana coast by pumping heavy drilling fluids into the damaged well as clean-up costs of the month-long spill accelerate. The technique, known as top kill, is likely to have a 70% chance of success, said BP CEO Tony Hayward. The oil

By cms admin

BP aims to plug the oil leak off the Louisiana coast by pumping heavy drilling fluids into the damaged well as clean-up costs of the month-long spill accelerate.

The technique, known as top kill, is likely to have a 70% chance of success, said BP CEO Tony Hayward.

The oil spill has so far cost BP about $760m, or $22m a day, up from the initial estimate of $6m a day, the company said.

Pressure has been mounting from the US and Louisiana Governments to act faster to plug the well and clean up the oil spill, which is becoming one of the worst oil disasters the region has ever seen.

BP was also ordered by the Environmental Protection Agency to immediately reduce the amount of potentially harmful dispersant chemicals being used to break up the oil.

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