BP's Deepwater Oil Spill - Tests End and the Kill Begins, Well Reaches Static Condition - Thread 2

The Oil Drum ^ | August 4, 2010 - 10:10pm | Heading Out

[justa-hairyape]

Simmons is a clown, no doubt. Leaks can be disastrous in my business. So I guess I am hyper sensitive to them. These Oil Patch guys just shrug their shoulders, pile in the cement and keep on going.

[smokingfrog]

I believe BP made that decision

That's what I thought too.

[cliff630]

Prior to the the blowout this well was a “Spindletop”
gusher. Will BP be able to get this oil? Since
their rig was destroyed, will they abandon it, or
make another attempt to get the millions of barrels
down there? Just Curious.

[VeniVidiVici]

The lawsuit will be interesting as a much stronger case can be made against the Federal government and its minions flapping its collective jaws about what a calamity this was going to be for the coastal states and how THAT more than anything drove down St Joe’s land worth.

Then nothing.

[justa-hairyape]

The Deep Water Horizon rig was owned by Transocean and was under lease to BP.

Deep Water Horizon Rig

The US laws state that any well under water that suffers a blowout, must be cemented and abandoned. So the Macondo 252 wont be a production well. Possible that they could drill some new wells in the future or convert the Relief Wells. That oil is actually our oil. We own it and the US government leases the rights. We (the US government) gets royalty payments on the oil produced. And unfortunately the US government blows those royalty payments before we ever see any of it. Now former governor Palin up in Alaska actually was sending her citizens checks for their produced oil royalties.

[CharlesWayneCT]

I like electric work, because it rarely leaks, and you can tell easily when it does. I don’t like plumbing because it always leaks for no reason.

I’m scared to death to work on any gas lines, because I could blow something up.