Tuesday, June 8, 2010

BP (NYSE:BP) Captures 42,500 Barrels in Four Days

BP (NYSE:BP) continues to increase it level of capturing oil with the cap in place, reaching over 14,000 barrels on Monday, and approaching its limitations as to how much the vessel it's being collected on can handle, which is 15,000 barrels a day.

In response, BP is bringing a second ship into the region which can process from between 5,000 and 10,000 barrels of oil a day. This is a good sign as to the extent of the success of the effort, although the second ship will take another two to three days to reach the area.

Since they successfully fitted the cap four days ago, BP has captured 42,500 barrels of oil, and next month an even better cap is expected to be put in place which will capture even more and plug the leaking oil well better.

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