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Originally Posted by fotze
I'd like to see someone superimpose the size of the oilsands over that crazy spill plume and say "hey, US, how do you like them apples".
Sounds like it blew while cementing casing. If it has come up on the outside of the casing, they are so fataed, so fataed. Unless there is some intermediate casing. Not unlike the peace river blowout that blew for 84 years into the river, that was just stopped in 2004. and that wasn't in the ocean.
Read that the rig cost ~$350 million to build, would be $500 million to build today, plus is being "rented" at $500k per day. Was booked for the next three years. No wonder BP's stock plumetted today.
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I can't find the article but I think they were in the process of servicing the well to go into production mode (mind you I don't know anything about the completion).
This is really gonna hurt all the majors that are lobbying various governments to relax some safety issues related to drilling offshore wells.
A few companies are trying to get the Canadian gov to relax the requirement to have a 2nd rig on standby to drill a relief well in the same season in the arctic (in the event of a blowout like this). No way in hell they make headway on that issue anytime soon.