BP's oil spill price tag: $350M and counting (Houston)
BP plc on Monday revealed that it has spent $350 million so far in efforts to clean up the Gulf of Mexico oil spill as it continues to try new methods to contain it.
The estimated amount of oil that has leaked since the spill started 19 days ago is about 95,000 barrels, a figure based on the 5,000 barrels of oil per day the U.S. Coast Guard estimated that are leaking.
The Deepwater Horizon rig, owned by Transocean Ltd. (NYSE: RIG), exploded on April 20, killing 11 workers. The rig sank two days later.
On May 5, crews managed to stop the flow of oil from one of three leaks from the Deepwater Horizon accident.
Oil from the rig in the Gulf of Mexico washed ashore on barrier islands near Louisiana for the first time on May 6.
Read more in the Houston Business Journal.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.