BP Video showing Relief Well Effort

Discussion in 'Stocks' started by Cdntrader, Jun 28, 2010.

  1. http://bp.concerts.com/gom/kwellsreliefwells062710.htm

    BP video of relief well effort posted on June 28th.

    Seems like they are very close to killing it off. He says at the end of the video that they are in the precision stage of lining up the relief well with the existing well only 55 feet away as of the date of the video which was probably a few days ago.

    Interesting viewing.

    They close that sucker and this stock probably has a good multi dollar spike into the 30's. Rumor in the Guardian today was mid July. I am sure they are under promising with August estimate to be sure.
  2. ehorn


    Thanks for posting
  3. pspr


    Clinton is saying just blow the well up to get it stopped. For probably the first time in 20 years I agree with Billy.
  4. I watched that video. he said he really wasn't up to speed on the situation.
  5. I guess its down to 20 feet today........

    BP says relief well that's best hope of stopping Gulf oil is getting closer to blown-out well
    BP says relief well getting closer to target

    By HARRY R. WEBER | ASSOCIATED PRESS | 8 hours, 12 minutes ago

    BP says the rig drilling the relief well that's the best hope of stopping the Gulf oil spill has made it within about 20 feet (6 meters) horizontally of the blown-out well that's gushing crude.

    BP Senior Vice President Kent Wells said Monday that the rig is going to drill an additional 900 feet (274 meters) down before crews cut in sideways and start pumping in heavy mud to try to stop the flow from the damaged well. It's currently about 16,770 feet (5,111 meters) down.

    Wells says BP is moving extremely cautiously to make sure everything is lined up correctly and the relief well is still on target to be finished by early August. A second well is being drilled as a backup.

    Wells says the company has a high degree of confidence in the relief wells.
  6. They may be close to the DEPTH of the current blown out well, but they have to dig much farther to tap the well thousands of feet below where the current well is blown to be sure to knock it out of commission. Then after they finally tap the relief well, it will still take a few more months to completely bleed the current blown out well. This well will be spewing oil for at least another 4 months. And that's if we are very lucky and everything goes perfectly.
  7. it says another 900ft . Not thousands.

    "BP Senior Vice President Kent Wells said Monday that the rig is going to drill an additional 900 feet (274 meters) down before crews cut in sideways and start pumping in heavy mud to try to stop the flow from the damaged well"
  8. Read up on Ixtoc...the chances that they'll hit the bulls eye with the first relief well is very slim. BP wasn't even going to drill 2 relief wells but they were basically told they had better. 900 more feet would be the miracle scenario. And even still, like I said, it could still be months before the blown out well stops spewing even if they do hit the bulls eye the first time.

    Here's a little historical perspective for you:

    " What took them so long? Ixtoc workers drilled two relief wells, same as the current strategy of BP as stipulated by the Obama administration. In the case of Ixtoc, the first relief well did little good. According to Reuters , Ixtoc “continued to leak oil more than three months after Pemex completed its first relief well.” And in that case, Pemex, the driller, was able to shore up its efforts by pumping cement and water down the runaway well, something that cannot be done in the case of the BP spill. Pemex used divers to attempt to fix the blowout preventer, another option unavailable to us.

    The earliest timeline for capping the Deepwater Horizon spill with the aid of a relief well was said to be August. This morning White House energy advisor Carol Browner told NPR, “90 days.” That puts us into September. But who is to say that estimate has any validity? Experience counters persuasively that more is likely to go wrong, that one relief well may be insufficient, and moreover, that even with two relief wells in place it’s not a done deal by any means. At Ixtoc, it took from March to May 1980 just to finish the job until the well was, as Priest put it, “officially capped.”

    At Ixtoc they were able to pump heavy mud into the two relief wells—an option not available to us. Browner indicated that the relief well has to intersect some part of the original wellhead area, an operation that others have described as open heart surgery at 5,000 feet."

    #10     Jun 28, 2010