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BP Asked to Investigate Gulf Sheen Near Abandoned Oil Wells

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Brian Swint and Katarzyna Klimasinska
Bloomberg
Thursday, August 18, 2011

BP Plc (BP/) said it was asked along with other Gulf of Mexico oil and gas operators to investigate a sheen in the Green Canyon area the U.S. Coast Guard observed last week.

BP inspected two abandoned well-heads in the area and observed cloudy water near one of them, the London-based company said in a statement today. The cloudy water may be caused by a naturally occurring shallow water flow that is kicking up silt, it said.

BP shares fell as much as 2.4 percent to 403.6 pence in London trading today.

The company has taken a $41 billion charge for the Macondo well disaster in the Gulf last year in which an explosion killed 11 people and started the worst oil spill in U.S. history.

Full story here.

This article was posted: Thursday, August 18, 2011 at 6:47 am





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