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Bp Oil Spill Live Feed Updates: NYSE:BP Cap Capture 80,000 Barrels A Day

Submited By Anam Khan
2016-07-08 12:57:47
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Bp Oil Spill Live Feed Updates: NYSE:BP Cap Capture 80,000 Barrels A Day

CNN has been reporting that BP (NYSE:BP) could have the oil well capped from sometime between July 20 to July 27, according to Bob Dudley, who is in charge of overseeing the Gulf oil spill for BP.

Original estimates as to what the new cap being put on the oil well by BP (NYSE:BP) in the Gulf of Mexico have been upwardly revised to 80,000 barrels of oil being captured a day; up from the previous 53,000 barrels estimated.

Reports after putting the cap back on after the underwater robot hit it seem to indicate it isn't doing as good a job as it had before getting hit, as the number of barrels of oil being captured are down several thousand a day since then.

By all estimates, this should take care of all of the oil being released into the Gulf. The only other number higher than 80,000 that has been thrown out there is in case of the absolute worst case scenario, where BP themselves said could be up to 100,000 barrels a day escaping into the Gulf.