Why was BP Capping Deep Horizon in the first place?

Discussion in 'General Discussion' started by CrusaderFrank, Jul 7, 2010.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "As a forceful reminder of the potential harm, the well beneath BP's Deepwater Horizon rig was being sealed with cement for temporary abandonment when it blew April 20..."

    Gulf awash in 27,000 abandoned wells - Disaster in the Gulf - msnbc.com

    Why was BP Capping a monstrous gusher in the first place?
     
  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    that's a good question CF.

    Why would BP want to cap this well and abandon it temporarily when it was loaded with oil?

    do these oil companies want to keep the well's oil off the market to keep prices higher with supply being kept down?

    what's the purpose of spending all the money to drill and then not extract it?

    I don't get it?
     
  3. dilloduck
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    dilloduck Diamond Member

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    I'm guessing it's just a normal trade practice ---drilling and extraction aren't necessarily one continuous process.
     
  4. editec
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    editec Mr. Forgot-it-All

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    I'm guessing you're right about that.

    They bring existing wells online when the demand (hence price) makes it worth thye expense to pump it out of the ground.

    Drill baby drill so we can gouge the public when it suits OUR purposes.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obviously there's a severe distortion in the market if withholding supply leads to greater total profits.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    Even on land, many wells are drilled and then completed using different rigs. Offshore there's a complex subsea infrastructure that needs to be put in place before production and handling can begin. I swear the paranoid folks around here.
     
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  7. Mr. H.
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    Mr. H. Diamond Member

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    Although, on the other hand....

    Gulf awash in 27,000 abandoned wells

    More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one — not industry, not government — is checking to see if they are leaking, an Associated Press investigation shows.

    The oldest of these wells were abandoned in the late 1940s, raising the prospect that many deteriorating sealing jobs are already failing.

    The AP investigation uncovered particular concern with 3,500 of the neglected wells — those characterized in federal government records as "temporarily abandoned."
     
  8. Samson
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    Samson Póg Mo Thóin Supporting Member

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    Sheeze.....I thought everyone already knew this.

    Ya know, school systems do a terrific job of educating the public to read about environmental pollution, but a little thing like how we get 99% of the NRG we use is something to be ignored....:doubt:
     
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  9. JimH52
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    JimH52 Gold Member

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    It seems a reasonable explanation would be price manipulation. It would not be in the interest of any oil company to bring too much crude to the market at the wrong time. Maybe they see a price spike in the near future? Boy, did that decision bite them on the ars?
     
  10. JBeukema
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    JBeukema BANNED

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    Because one platform drills a well, caps it, and leaves.

    Then a production rig comes in, taps the well, and starts extracting the crude.


    Deepwater Horizon was a drilling rig, not a production rig. It was being capped so DH could go drill elsewhere and a production rig could come in.


    This is offshore drilling 101- and Rachel Maddow has explained it several times
     

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