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Share Price: 524.80
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Change: -1.50 (-0.29%)
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Open: 529.30
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2nd UPDATE: BP To Continue Oil Well Tests Beyond Initial 48 Hrs

Sat, 17th Jul 2010 21:41

(Adds comments from BP press relations officer, details on tests, and background) NEW ORLEANS (AFP)--Energy giant BP said Saturday it will continue pressure tests on the Gulf of Mexico oil well beyond the initial 48 hour period as it remains capped, a company spokesman told AFP. "We're moving forward six hours at a time. If there's a change in what we're doing we will announce it," said BP (BP, BP.LN) press relations officer Mark Salt, declining to elaborate on pressure readings or where the test is heading. BP's test continues as a "conditions-based process," said Salt, with consultations between BP and government engineers on whether to keep going after each six-hour marker. The tests will determine whether the cap can remain sealed over the leak or BP will have to return to a containment system of siphoning off gushing crude to production vessels waiting on the sea surface. Earlier Saturday, BP senior vice president Kent Wells said the "longer the test goes, the more confidence we have in it." The test ended its initial two-day limit at 1 p.m. (1800 GMT). The critical tests are assessing the integrity of the wellbore, which runs deep into the sea floor into the oil reservoir below, and identifying the pressure created by sealing the leak from above. The pressure readings have so far been positive, but not conclusive. Engineers had hoped to register readings of up to 8,000-9,000 pounds per square inch (psi), a high reading that would mean the well is still intact and there is no seepage. But the most recent reading Saturday had the pressure at around 6,745 psi, with Wells warning: "We could have integrity or we could not have integrity between the 6,000 or 7,500 psi." (END) Dow Jones Newswires July 17, 2010 16:41 ET (20:41 GMT)
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UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
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Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
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Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
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Hammerson PLCAGM
Helios Towers PLCAGM
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International Biotechnology Trust PLCAGM
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Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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