Monday, August 2, 2010

BP's (NYSE:BP) Static Kill Delayed Due To Debris

The static kill procedure was set to begin today, but BP (NYSE:BP) is saying it will be delayed due to debris from the Gulf of Mexico storm. Thad Allen, National Incident Commander said it's looking like the delay will only be a day hopefully.

On July 23rd, BP had to evacuate all their drilling vessels from the oil spill site to almost 40 miles off Louisiana's coast. Once Tropical Storm Bonnie subsided, there was much sediment that fell inside the wellbore which had to be removed. There is a drilling vessel preparing to install casing into the relief well.

The casing must be installed before the static kill attempt to reinforce the well. This process may cut down on the time it takes to ultimately plug the well permanently. The relief well is not expected to be ready to have the mud pumped through it for at least a few more weeks.

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