- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 4/30/10 at 10:32 pm to ByteMe
office...still same effect?
Posted on 4/30/10 at 10:35 pm to ByteMe
Lets not get ridiculous now. BP isnt going to go out of business because of this. But they will take a serious financial hit without a doubt.
Posted on 4/30/10 at 10:40 pm to lsugradman
quote:
BP isnt going to go out of business because of this. But they will take a serious financial hit without a doubt.
that was my thought, but you never know..I was just getting the OT's feedback on what they thought...I totally believe that it is up in the air and within the next week my question I asked will be answered..
Posted on 4/30/10 at 10:43 pm to TigerDog83
quote:
What do you base that on?
It's just my opinion, but it's costing them 8 million per day on the cleanup (right now), lawsuits from the personnel on the rig, lawsuits from the fishing industry, reimbursing the government, fines, the cost of killing this well, etc........ my understanding is that they were only insured for 250 million. This thing is far from over.
Posted on 4/30/10 at 10:47 pm to ByteMe
quote:
It's just my opinion, but it's costing them 8 million per day on the cleanup (right now), lawsuits from the personnel on the rig, lawsuits from the fishing industry, reimbursing the government, fines, the cost of killing this well, etc........ my understanding is that they were only insured for 250 million. This thing is far from over.
BP is self insured mostly if I read that correctly recently. BP reported revenue in 2009 of $239 billion I believe. They aren't going to go out of business because of this. That being said it is going to cost them tremendously in the long run. The Valdez lawsuits took many years to play out and this will probably be no different.
Posted on 4/30/10 at 10:54 pm to TigerDog83
BP Group reported a Net Profit of $16,759,000,000 for FYE 12/31/09. Apparently, 2009 was a down year as they reported Net Profit of over $21 billion in both '08 and '07. I'm not worried about BP's solvency.
Posted on 4/30/10 at 10:54 pm to TigerDog83
quote:
BP reported revenue in 2009 of $239 billion
thats real money!
estimated cost of whole cleanup/suits/everything?????
Posted on 4/30/10 at 10:54 pm to TigerDog83
quote:
BP is self insured mostly if I read that correctly recently. BP reported revenue in 2009 of $239 billion I believe. They aren't going to go out of business because of this. That being said it is going to cost them tremendously in the long run. The Valdez lawsuits took many years to play out and this will probably be no different.
I guess a lot will depend on how long it takes them to kill this thing. This well was supposed to be a huge producer and I think that the 5000 bbl/day leak rate is a conservative estimate.
Posted on 4/30/10 at 10:55 pm to longhorn22
quote:
estimated cost of whole cleanup/suits/everything?????
No way of knowing that until they kill the well.
This post was edited on 4/30/10 at 11:08 pm
Posted on 4/30/10 at 10:56 pm to White Roach
Just a random thought, but why wouldn't a deepwater well have some kind of floatation device around the riser (or whatever they call the line from the ocean surface to the sea floor)? Then you could blow the line at the surface if the rig is in danger of capsizing, and set the thing on fire until it can be capped. Sure would be a different ballgame than dealing with a leaking line 5000 feet below the surface.
Posted on 4/30/10 at 11:05 pm to longhorn22
quote:
estimated cost of whole cleanup/suits/everything?
In the press conference this afternoon, BP Honcho, Doug Suttles, said they were currently spending $6-7 million/day on the Horizon disater. I've heard differnt figures on the intervention well, but $100 million seems reasonable. If it takes 100 days to drill the new well and clean-up costs remain constant, that gets you to about $700-800 million.
Lawsuit awards and legal fees... Who knows???
Posted on 4/30/10 at 11:06 pm to White Roach
gotcha..thanks fellas..i'm heading out
Posted on 4/30/10 at 11:06 pm to GM4UA
quote:
Then you could blow the line at the surface if the rig is in danger of capsizing, and set the thing on fire until it can be capped. Sure would be a different ballgame than dealing with a leaking line 5000 feet below the surface.
They have a BOP (blow out preventer) for situations like this but it failed. The BOP is what they've been trying to activate for the last few days with no success.
Posted on 4/30/10 at 11:24 pm to ByteMe
It just seems like they could make a new BOP , or simulate another BOP, or do something that does what a BOP does, at the place of the BOP, without having to drill a whole other well. But, I am an English major, so I realize that what I just said sounds like what a blonde girl English major would say.
Posted on 4/30/10 at 11:24 pm to ByteMe
When there is so much at stake, I want more than one backup plan. I know hindsight is 20/20, but letting that line get dragged to the bottom was just plain nuts, if preventable. And blowing the line at the surface still wouldn't have hurt anything.
Posted on 4/30/10 at 11:27 pm to GM4UA
Question: how does a BOP originally get brought down to the floor of the GOM anyway?
Posted on 4/30/10 at 11:35 pm to tiger91
quote:They have all of that. Flotation on the riser. And a disconnect joint on the top. None of that worked, or there wasn't time to disconnect.
Just a random thought, but why wouldn't a deepwater well have some kind of floatation device around the riser (or whatever they call the line from the ocean surface to the sea floor)? Then you could blow the line at the surface if the rig is in danger of capsizing, and set the thing on fire until it can be capped. Sure would be a different ballgame than dealing with a leaking line 5000 feet below the surface.
Posted on 4/30/10 at 11:37 pm to tiger91
quote:
It just seems like they could make a new BOP , or simulate another BOP, or do something that does what a BOP does, at the place of the BOP, without having to drill a whole other well.
Impossible.If it were that simple they would have done that already.
Posted on 5/1/10 at 12:00 am to lsugradman
Clearly, but I was just saying what all of the laymen are thinking.
Page 49 of 73
Popular
Back to top
Follow TigerDroppings for LSU Football News