Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
This Is Your Last Chance to Dump Netflix Stock - 19th July 19
Gold and US Stock Mid Term Election and Decade Cycles - 19th July 19
Precious Metals Big Picture, as Silver Gets on its Horse - 19th July 19
This Technology Everyone Laughed Off Is Quietly Changing the World - 19th July 19
Green Tech Stocks To Watch - 19th July 19
Double Top In Transportation and Metals Breakout Are Key Stock Market Topping Signals - 18th July 19
AI Machine Learning PC Custom Build Specs for £2,500 - Scan Computers 3SX - 18th July 19
The Best “Pick-and-Shovel” Play for the Online Grocery Boom - 18th July 19
Is the Stock Market Rally Floating on Thin Air? - 18th July 19
Biotech Stocks With Near Term Catalysts - 18th July 19
SPX Consolidating, GBP and CAD Could be in Focus - 18th July 19
UK House Building and Population Growth Analysis - 17th July 19
Financial Crisis Stocks Bear Market Is Scary Close - 17th July 19
Want to See What's Next for the US Economy? Try This. - 17th July 19
What to do if You Blow the Trading Account - 17th July 19
Bitcoin Is Far Too Risky for Most Investors - 17th July 19
Core Inflation Rises but Fed Is Going to Cut Rates. Will Gold Gain? - 17th July 19
Boost your Trading Results - FREE eBook - 17th July 19
This Needs To Happen Before Silver Really Takes Off - 17th July 19
NASDAQ Should Reach 8031 Before Topping - 17th July 19
US Housing Market Real Terms BUY / SELL Indicator - 16th July 19
Could Trump Really Win the 2020 US Presidential Election? - 16th July 19
Gold Stocks Forming Bullish Consolidation - 16th July 19
Will Fed Easing Turn Out Like 1995 or 2007? - 16th July 19
Red Rock Entertainment Investments: Around the world in a day with Supreme Jets - 16th July 19
Silver Has Already Gone from Weak to Strong Hands - 15th July 19
Top Equity Mutual Funds That Offer Best Returns - 15th July 19
Gold’s Breakout And The US Dollar - 15th July 19
Financial Markets, Iran, U.S. Global Hegemony - 15th July 19
U.S Bond Yields Point to a 40% Rise in SPX - 15th July 19
Corporate Earnings may Surprise the Stock Market – Watch Out! - 15th July 19
Stock Market Interest Rate Cut Prevails - 15th July 19
Dow Stock Market Trend Forecast Current State July 2019 Video - 15th July 19
Why Summer is the Best Time to be in the Entertainment Industry - 15th July 19
Mid-August Is A Critical Turning Point For US Stocks - 14th July 19
Fed’s Recessionary Indicators and Gold - 14th July 19
The Problem with Keynesian Economics - 14th July 19
Stocks Market Investors Worried About the Fed? Don't Be -- Here's Why - 13th July 19
Could Gold Launch Into A Parabolic Upside Rally? - 13th July 19
Stock Market SPX and Dow in BREAKOUT but this is the worrying part - 13th July 19
Key Stage 2 SATS Tests Results Grades and Scores GDS, EXS, WTS Explained - 13th July 19
INTEL Stock Investing in Qubits and AI Neural Network Processors - Video - 12th July 19
Gold Price Selloff Risk High - 12th July 19
State of the US Economy as Laffer Gets Laughable - 12th July 19
Dow Stock Market Trend Forecast Current State - 12th July 19
Stock Market Major Index Top In 3 to 5 Weeks? - 11th July 19
Platinum Price vs Gold Price - 11th July 19
What This Centi-Billionaire Fashion Magnate Can Teach You About Investing - 11th July 19
Stock Market Fundamentals are Weakening: 3000 on SPX Means Nothing - 11th July 19
This Tobacco Stock Is a Big Winner from E-Cigarette Bans - 11th July 19
Investing in Life Extending Pharma Stocks - 11th July 19
How to Pay for It All: An Option the Presidential Candidates Missed - 11th July 19
Mining Stocks Flash Powerful Signal for Gold and Silver Markets - 11th July 19
5 Surefire Ways to Get More Viewers for Your Video Series - 11th July 19

Market Oracle FREE Newsletter

Top AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

BP Gulf Oil Disaster Well Leaking Again, New 4-Mile Slick

Companies / Oil Companies Oct 05, 2012 - 06:14 AM GMT

By: Washingtons_Blog

Companies

Best Financial Markets Analysis ArticleBP’s Macondo Well May Leak for Years

CNN reports:

An oil sheen about four miles long has appeared in the Gulf of Mexico near the site of the worst oil spill in U.S. history, a Coast Guard spokesman said Thursday.


It was not immediately clear where the oil is coming from, said Petty Officer 3rd Class Ryan Tippets. [Although previous oil has been matched as a "dead ringer" to the BP well.]

Coast Guardsmen went to the location after seeing the oil on a satellite image, Tippets said. The response team collected samples and sent them to the Coast Guard Marine Safety Lab in Connecticut for testing.

***

The sheen is near the spot where, on April 20, 2010, BP’s Deepwater Horizon drilling rig exploded over the Macondo well, killing 11 workers and spewing oil that spread across a huge portion of the Gulf.

As we’ve noted for years, BP’s Macondo oil well is still leaking … and will leak for years.

For example, we noted in March:

In June of 2010, BP officials admitted to damage beneath the seafloor under BP’s Gulf Macondo well.

Numerous scientists have speculated that the blowout and subsequent clumsy attempts by BP to plug the well could have created new seeps, and made pre-existing natural seeps bigger.

***

Washington’s Blog interviewed one of the world’s leading experts on oil leaks in 2010, Robert Bea. Dr. Bea noted that we may never be able to fully stop BP’s oil leak:

Few people in the world know more about oil drilling disasters than Dr. Robert Bea.

Bea teaches engineering at the University of California Berkeley, and has 55 years of experience in engineering and management of design, construction, maintenance, operation, and decommissioning of engineered systems including offshore platforms, pipelines and floating facilities. Bea has worked for many years in governmental and quasi-governmental roles, and has been a high-level governmental adviser concerning disasters. He worked for 16 years as a top mechanical engineer and manager for Shell Oil, and has worked with Bechtel and the Army Corps of Engineers. One of the world’s top experts in offshore drilling problems, Bea is a member of the Deepwater Horizon Study Group, and has been interviewed by news media around the world concerning the BP oil disaster.

***

WB: Is it possible that this fractured, subsea salt geology will make it difficult to permanently kill the oil leak using relief wells?

Bea: Yes, it could. The Santa Barbara channel seeps are still leaking, decades after the oil well was supposedly capped. This well could keep leaking for years.

Scripps mapped out seafloor seeps in the area of the well prior to the blowout. Some of the natural seeps penetrate 10,000 to 15,000 feet beneath the seafloor. The oil will follow lines of weakness in the geology. The leak can travel several horizontal miles from the location of the leak.

[In other words, the geology beneath the seafloor is so fractured, with soft and unstable salt formations, that we may never be able to fully kill the well even with relief wells. Instead, the loss of containment of the oil reservoir caused by the drilling accident could cause oil to leak out through seeps for years to come. See this and this for further background].

***

WB: I have heard that BP is underestimating the size of the oil reservoir (and see this). Is it possible that the reservoir is bigger than BP is estimating, and so – if not completely killed – the leak could therefore go on for longer than most assume?

Bea: That’s plausible.

WB: The chief electronics technician on the Deepwater Horizon said that the Macondo well was originally drilled in another location, but that “going faster caused the bottom of the well to split open, swallowing tools”, and that BP abandoned that well. You’ve spoken to that technician and looked into the incident, and concluded that “they damn near blew up the rig.”

Do you know where that abandoned well location is, and do you know if that well is still leaking?

Bea: The abandoned well is very close to the current well location. BP had to file reports showing the location of the abandoned well and the new well [with the Minerals Management Service], so the location of the abandoned well is known.

We don’t know if the abandoned well is leaking.

WB: Matthew Simmons talked about a second leaking well. There are rumors on the Internet that the original well is still leaking. Do you have any information that can either disprove or confirm that allegation?

Bea: There are two uncorroborated reports. One is that there is a leak 400 feet West of the present well’s surface location. There is another report that there is a leak several miles to the West.

[Bea does not know whether either report is true at this time, because BP is not sharing information with the government, let alone the public.]

Washington's Blog

Global Research Articles by Washington's Blog

© Copyright Washingtons Blog, Global Research, 2012

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules