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Share Price: 503.70
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BP: A Record 25,830 Barrels Total Oil Recovered On Monday >BP

Tue, 22nd Jun 2010 15:30

HOUSTON (DOW JONES)--BP PLC (BP BP.LN) announced Tuesday that it hit a new record in the amount of oil captured from the broken Macondo well by flaring off more oil as it works to keep it from spewing into the U.S. Gulf of Mexico. On Monday, BP collected a total of 25,830 barrels a day, the company said on its website on Tuesday. BP flared 10,270 barrels of oil and captured 15,560 barrels of oil. These figures beat BP's previous record achieved on Thursday, when the company collected 16,020 barrels of oil and flared 9,270 barrels of oil for a total of 25,290 barrels of oil collected. In total, BP has recovered 298,600 barrels of oil since it put in place a containment cap and the flaring system. At full optimization, the current operation could capture up to 28,000 barrels a day, Admiral Thad Allen of the U.S. Coast Guard, the federal commander for the response, has said. The operation involves two ships, the Discoverer Enterprise, which has the capacity to collect and store about 18,000 barrels of oil a day, and the Q4000, which can burn off about 10,000 barrels of oil a day. BP is under intense pressure to contain the well, which scientists estimate is producing about 35,000 to 60,000 barrels of oil a day. On Monday, BP flared 52.2 million cubic feet of natural gas. -By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com Order free Annual Report for BP plc Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513 (END) Dow Jones Newswires June 22, 2010 10:30 ET (14:30 GMT)
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