BP Sets New Spill Target Aims to Cap Well by July 27 Earnings

Share on Facebook0Tweet about this on Twitter0Share on Google+0Share on LinkedIn0Share on Reddit0Pin on Pinterest0Share on Tumblr0Email this to someonePrint this page

Article by Monica Langley in Wall Street Jounal, July 7, 2010

BP PLC is pushing to fix its runaway Gulf oil well by July 27, possibly weeks before the deadline the company is discussing publicly, in a bid to show investors it has capped its ballooning financial liabilities, according to company officials.

At the same time, BP is readying a series of backup plans in case its current operations go awry. These include connecting the rogue well to existing pipelines in two nearby underwater gas and oil fields, according to company and administration officials.

more at WSJ

Share on Facebook0Tweet about this on Twitter0Share on Google+0Share on LinkedIn0Share on Reddit0Pin on Pinterest0Share on Tumblr0Email this to someonePrint this page

Speak Your Mind

*