Wednesday, May 26, 2010

BP's (NYSE:BP) "Top Kill" Attempt Delayed

BP's (NYSE:BP) plan had been to start their attempt to cap the massive oil spill known as "top kill" early this morning. Now BP is saying it could be a day or two at least, this is due to their testing that was still going on in the early hours of the morning.

The "top kill" method has a good record onshore, but it has never been attempted at the depth of 5,000 feet offshore. The test that BP is currently doing is pumping drilling fluids into the BOP. This is to measure flow paths as well as to measure the pressure. Once their testing concludes, a decision will then be made on what direction the "top kill" efforts will take.

Originally, company officials estimated the time to complete the "top kill" attempt was one day, now they've changed that to two days. BP has also agreed, following much contemplation and discussion, to continue the live oil spill feed. This feed will continue uninterrupted as BP attempts their "top kill" effort.

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