BP: 325,700 Bbls Of Oil Recovered Since Cap And Flaring System Installed

23rd Jun 2010 15:31

HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Wednesday it has increased its capture rate from the broken Macondo well in the U.S. Gulf of Mexico. Tuesday, BP collected a total of 27,090 barrels, the company said on its website. The U.K. oil giant flared 10,425 barrels of oil and captured 16,665 barrels of oil. These figures beat BP's numbers from Monday, when the company captured 25,830 barrels a day. In total, BP has recovered 325,700 barrels of oil since it put in place a containment cap and the flaring system. At full optimization, the current operation could capture up to 28,000 barrels a day, U.S. Coast Guard Adm. Thad Allen, the federal commander for the response, has said. The operation involves two ships, the Discoverer Enterprise, which has the capacity to collect and store about 18,000 barrels of oil a day, and the Q4000, which can burn off about 10,000 barrels of oil a day. BP is under intense pressure to contain the well, which scientists estimate is producing about 35,000 to 60,000 barrels of oil a day. On Tuesday, BP flared 54.4 million cubic feet of natural gas. -By Susan Daker, Dow Jones Newswires; 713-547-9208; [email protected] Order free Annual Report for BP plc Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513 (END) Dow Jones Newswires June 23, 2010 10:31 ET (14:31 GMT)