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ATP Oil & Gas Corp. Message Board

  • greavesgate greavesgate May 1, 2010 8:38 AM Flag

    Some expert opinion on Horizon explosion and aftermath

    posted on investor village

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    • "Lastly, they expect higher costs to conduct offshore E&P operations. Similar to Congress mandating double-hulled tankers after the Exxon Valdez spill, they expect a host of regulations to be put in place to add “double and triple redundancy” in offshore operations to prevent incidents like the Deepwater Horizon explosion and the Macondo blowout and spill from repeating in the future."

      Yesterday on the guest expert mentioned he believes going forward drillers will need to drill two holes into the reservoirs instead of one. The second line will be used as a relief line.

      Drilling a hole can cost up to 100 million, so it could have a significant impact. But you would think instead of drilling a totally separate hole they could run a relief value of the main line closer to the surface.

      I guess we'll hear soon enough.

    • Thank you. That was very enlightening. Because cement plug was supposed to work, likely driller and tool pusher were off their sites getting ready to deploy to new site from that well. Hard to imagine that shear ram not cutting the pipe and saving the day. Such a shame for it to happen and then for our ATPG to get whacked even harder.

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