Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Detailed Trend Forecast Into End 2024 - 25th Apr 24
US Presidential Election Year Equity Performance in the Presence of an Inverted Yield Curve- 25th Apr 24
Stock Market "Bullish Buzz" Reaches Highest Level in 53 Years - 25th Apr 24
Managing Your Public Image When Accused Of Allegations - 25th Apr 24
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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.


© 2005-2022 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