BP: About 24,980 Barrels Of Total Oil Recovered July 5

Date : 07/06/2010 @ 3:14PM
Source : Dow Jones News
Stock : BP Plc (BP)
Quote : 38.77  -0.07 (-0.18%) @ 12:59AM
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BP: About 24,980 Barrels Of Total Oil Recovered July 5

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BP Plc (BP) said Tuesday that it captured about 24,980 barrels of crude from the Deepwater Horizon spill in the U.S. Gulf of Mexico on Monday, indicating that oil recovery efforts at the site of the spill have stabilized, even as a new storm could soon hinder the operation.

About a third of the barrels were burned off. Some 57.1 million cubic feet of natural gas were also flared Monday, the company said on its website.

In total, BP has collected about 657,300 barrels of oil at the site where a drilling rig it leased exploded and sank last April, killing 11 and unleashing the worst offshore oil spill in U.S. history.

Most of oil collected or burned at the site has been captured by two ships, the Discoverer Enterprise and the Q4000. Responders plan to bring an additional ship to raise the rate of capture to 53,000 barrels a day. The deployment of the third vessel was delayed last week due to high seas produced by the first tropical storm of the season, dubbed Alex.

The National Hurricane Center said Tuesday that a weather system near the Yucatan Peninsula has a 30% chance of forming into the second named storm of the 2010 Atlantic Hurricane Season during the next 48 hours. Even if the storm, like its predecessor, passes hundreds of miles away from the spill site, it could still disrupt operations.

-By Angel Gonzalez, Dow Jones Newswires;713-547-9214; angel.gonzalez@dowjones.com

  (Brian Baskin contributed to this story) 

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