BP Video showing Relief Well Effort

Quote from tradestrong:

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."

http://blogs.ft.com/energy-source/2...e-relief-wells-some-comparisons-with-montara/
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that was 1979....30 years ago!

Montara took 3 days once they drilled the well.
 
Quote from Cdntrader:

that was 1979....30 years ago!

Montara took 3 days once they drilled the well.
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Montara was leaking 2,000 barrels a day as opposed to this leak which is leaking at least 30,000 to 40,000 barrels a day and even more likely it is leaking far more than that. Apples to oranges. This leak is 15-20 times worse. Ixtoc was leaking 20,000 -30,000 barrels a day. It doesn't matter if it was 30 years ago. The methods being used to stop the leak are exactly the same. It is a much better comparison.
 
July 2 (Bloomberg) -- BP Plc’s first relief well aimed at plugging its Gulf of Mexico gusher is seven to eight days ahead of schedule to intercept and eventually stop the biggest oil leak in U.S. history.
The target date for intercepting the leaking well and pumping in mud and cement to permanently seal it is still mid- August, U.S. National Incident Commander Thad Allen said today on a conference call with reporters. The well is within 600 feet (182 meters) of intercepting the leak, he said.
“They are ahead of schedule at this point,” Allen said. “I am reluctant to tell you that it will happen before the middle of August because I think that everything associated with this spill and response recovery suggests that we should under- promise and over-deliver.”
BP diverted 25,150 barrels of oil from the leaking well to surface vessels yesterday. The Macondo well is estimated to be spewing 35,000 to 60,000 barrels a day, according to a government-led panel of scientists. The well started leaking after an April 20 explosion on the Deepwater Horizon, causing the drilling rig to sink and killing 11 crew members.
Royal Bank of Scotland Group Plc analysts David Cline and Barry MacCarthy said the first relief well may be completed between July 7 and July 12, according to a note to clients yesterday. Pritchard Capital Partners LLC analysts Brian Uhlmer, Anuj Sharma and William Conroy said in a June 29 note that the well would be intercepted between July 7 and July 9.
 
Hmmm... maybe my October 41 call may finish in the money afterall.

You better hoooldd on to what you've gotttt- We've gott each otherrr and that's a lottt.... Ohhhhhh we're halfway theeerrre Wooohooohh LIVING ON A PRAYER!
 
BP Aims to Fix Leaking Oil Well by July 27: Report
Published: Thursday, 8 Jul 2010 | 4:00 AM ET Text Size
By: Reuters
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Besieged energy giant BP aims to fix its leaking Gulf oil well by July 27, ahead of its earlier target of mid-August, to show investors it has limited its burgeoning oil spill liabilities, the Wall
Street Journal said, citing company officials.


Getty Images
Workers pull aboard boom being used to help block the flow of the oil spill from the Deepwater Horizon in Cat Bay on June 28, 2010 near Grand Isle, Louisiana.

The July 27 target date is the day the company is due to report second-quarter earnings and will speak to investors, the Journal said.

"In a perfect world with no interruptions, it is possible to be ready to stop the well between July 20 and July 27," the head of BP's Gulf Coast restoration unit Bob Dudley told the newspaper in an interview.

However, Dudley said this "perfect case" is threatened by the hurricane season and is "unlikely."

BP could not immediately be reached for comment by Reuters outside regular U.S. business hours.

BP shares have fallen by half since its well blew out in April, spewing crude oil into the Gulf of Mexico and soiling the shores of every U.S. Gulf Coast state.

The Journal said BP is also preparing a series of backup plans in case its current operations go awry.

Citing company and administration officials, the paper said BP's plan include connecting the rogue well to existing pipelines in two nearby underwater gas and oil fields.

BP Chief Executive Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.

BP's shares closed up nearly 4 percent on the New York Stock Exchange, buoyed by investor relief the company had said it does not plan to issue new equity, and speculation the worst is behind for what they see as an underpriced energy giant. (Click here for BP's London share performance)


RELATED LINKS
BP Boss in MidEast Talks, Weather Hampers CleanupBP: No Plans to Issue StockStorms Aggravate Spill DamageUK Prepares in Case of BP Collapse
Copyright 2010 Reuters.
 
This BP debacle and the incomprehensible lack of an intelligence is "killing Me"...what they should have done (imo) is give $10M to every college engineering department in the country, with a race to the finish line for capping the Well and give the winner a $100M prize!

The damages to economics alone justify the amount and it will be a "small fraction" of what the eventual outcome totals' up to....but too late now, chalk it up to idiots & morons.
 
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