Tags: US | Gulf | Oil | Spill | How | Much | Left?

Hayward Estimates Size of Oil Field at 2B Gallons

Thursday, 17 Jun 2010 07:06 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

BP CEO Tony Hayward says the reservoir that feeds the gushing well in the Gulf of Mexico probably still holds about 2 billion gallons of oil.

Appearing before a House subcommittee, Hayward estimated that the reservoir tapped by the out-of-control well holds at least 50 million barrels of oil. At 42 gallons per barrel, that's 2.1 billion gallons.

According to government estimates of daily flow figures, anywhere from 73.5 million to 126 million gallons gushed from the breached wellhead — whether into the water or captured.

That means the reservoir likely holds 94 to 97 percent of its oil. At the current flow rate, it would take from two to nearly four years for all the oil to leak from the field if it can't be stopped.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Arnaud De Borchgrave Awarded France's Legion of Honor

Wednesday, 30 Jul 2014 13:57 PM

Internationally renowned journalist Arnaud de Borchgrave has been awarded the Legion of Honor, France's highest civilian . . .

GAO Probe: Mismanagement Led to Obamacare Rollout Failures

Wednesday, 30 Jul 2014 13:43 PM

A nonpartisan congressional investigation has concluded that management failures by the Obama administration set the sta . . .

Analysis: Hundreds of Obama Administration Regulations Are Illegal

Wednesday, 30 Jul 2014 13:39 PM

In the last two years, the Obama administration has published hundreds of new regulations that are technically illegal b . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved