Delays Besiege BP's Latest Cap Effort

Filed under: BP p.l.c. ADS (BP)

Yesterday, I took a look at BP's (BP) plans to test a new cap on the oil spill in the Gulf of Mexico. Well, late yesterday, the company announced that the rather important test on the efficacy of the new cap will be delayed until today - the test was supposed to start late yesterday. The company announced that it could take at least six hours to see results, but it may take as many as 48 hours. Basically, we are in a wait-and-see mode but the Gulf Coast may not have a lot of time. If you are interested in whether or not the well is working, reports say that BP "hopes" that the well will withstand internal pressure of 8,000 to 9,000 pounds per square inch roughly six hours into the new cap experiment.

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Delays Besiege BP's Latest Cap Effort originally appeared on BloggingStocks on Wed, 14 Jul 2010 16:30:00 EST. Please see our terms for use of feeds.

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Oil spill - Gulf of Mexico - BP - Environment - BloggingStocks

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