- 17 May 2010

BP Starts to Make Progress to Contain Oil Spill

After nearly 3 weeks and thousands of barrels of crude oil spilled over the Gulf of Mexico BP finally managed to make progress in containing the spill. On Sunday underwater robots managed to insert the small tube into a broken 21 inch pipe known as the riser which will now be funnelled to a drilling ship on the surface.

BP Oil Leak

The siphoning plan became an alternative after the failure of containment dome thought to be the best way to plug the leak. However, this wasn’t enough to calm US authorities including President Barack Obama; new case studies revealed that crude oil may be leaking 10 times faster than estimated.

Scientist have found a plume of oil 10 miles long, three miles wide and 300ft thick pouring into the ocean at a rate of between 25,000 to 80,000 barrels a day – compared to the current estimate of 5,000 barrels a day.

How the Siphoning Works

* The insertion tube is a five foot long steel pipe about four inches in diameter with specially designed rubber baffles. The tube will be inserted into the Horizon’s riser to provide a direct connection.

* The direct connection, combined with the injection of methanol, will minimize the formation of hydrates that could block the flow of hydrocarbons.

* The riser insertion tube will be installed about 600 feet from the wellhead.

* The insertion tube will be connected to a 5,000 foot riser that will convey the hydrocarbons to the Transocean Discoverer Enterprise drillship on the surface.

* Once in place, oil will flow up into the Enterprise’s riser to the surface.

* Once at the surface, the hydrocarbons will be processed and oil will be separated from water and gas. The oil will then be temporarily stored before being offloaded and shipped to a designated oil terminal onshore.

* The Enterprise is capable of processing 15,000 barrels of oil per day and storing 139,000 barrels.

* A support barge will also be deployed with a capacity to store 137,000 barrels of oil.

Riser insertion tube

What’s next?

* This riser insertion tube is on site and is being prepared for installation in the next few days.

* ROVs will assist in the installation and connections to the riser (tubing) back to the surface.

This catastrophic oil spill is not only devastating the area but it will also start to have its effects in the economy as oil prices are likely to rise backed by concerns about higher costs and tighter regulations for the energy majors.

We asked one of our energy consultants Chris Hurcombe if he thinks the oil spill will propel crude oil prices to higher levels.

He said “That this current oil disaster is having little impact on oil prices as prices are currently at their lowest level since February”.  He continued “This is supported by the fear that demand for energy will be hampered by the current economic instability in Europe”.

What do you think will happen to oil prices? Will this catastrophic disaster influence in oil prices in the long run or do you think there will be an immediate impact on the crude oil prices?

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11 Comments »
  1. Oil spill under control…

    This may stop other sites getting such easy approaval in the future. They have stopped the leak, but how many years is this going to take to clean up….

    Trackback by socialwebcms.com — May 17, 2010 @ 1:56 pm

  2. [...] This post was mentioned on Twitter by Energy Broker. Energy Broker said: New blog posting, BP Starts to Make Progress: – http://www.catalyst-commercial.co.uk/blog/?p=1502 [...]

    Pingback by Tweets that mention New blog posting, BP Starts to Make Progress: - -- Topsy.com — May 17, 2010 @ 1:59 pm

  3. Huge oil spill finally under control…

    At last they are getting the oil leak under control, but it will be years untill the clean up operation is finsihed….

    Trackback by pligg.com — May 25, 2010 @ 3:48 pm

  4. Oil spill under control…

    At last they are getting the oil leak under control, but it will be years untill the clean up operation is finsihed….

    Trackback by social.weehz.com — May 28, 2010 @ 4:49 am

  5. Oil spill under control…

    They may be making progress now, but the long term enviromental damage will take much longer to sort out….

    Trackback by pligg.com — May 28, 2010 @ 5:56 am

  6. Huge oil spill finally under control…

    This may stop other sites getting such easy approaval in the future. They have stopped the leak, but how many years is this going to take to clean up….

    Trackback by pligg.com — May 29, 2010 @ 10:46 pm

  7. Oil spill under control…

    This may stop other sites getting such easy approaval in the future. They have stopped the leak, but how many years is this going to take to clean up….

    Trackback by pligg.com — June 1, 2010 @ 8:03 pm

  8. Giant oil spill finally under control…

    They may be making progress now, but the long term enviromental damage will take much longer to sort out….

    Trackback by pligg.com — June 5, 2010 @ 7:13 am

  9. Huge oil spill finally under control…

    They may be making progress now, but the long term enviromental damage will take much longer to sort out….

    Trackback by pligg.com — June 5, 2010 @ 10:44 am

  10. Oil spill under control…

    This may stop other sites getting such easy approaval in the future. They have stopped the leak, but how many years is this going to take to clean up….

    Trackback by smash-up.com — June 8, 2010 @ 8:02 pm

  11. Giant oil spill finally under control…

    This may stop other sites getting such easy approaval in the future. They have stopped the leak, but how many years is this going to take to clean up….

    Trackback by pligg.com — June 10, 2010 @ 6:30 am

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