Reuters – BP spends $10M per day on oil spill
LONDON, May 9 (Reuters) – BP Plc (BP.L) could be spending as much as $10 million a day on clean-up efforts after a giant oil spill in the Gulf of Mexico, exceeding initial estimates, the Sunday Telegraph quoted Chief Executive Tony Hayward as saying.
Deepwater Horizon, a drilling rig contracted to drill a well for BP exploded and caught fire last month, causing a massive leak. The well is still pumping oil into the Gulf, generating a slick which is threatening wildlife, fishing and tourism.
Hayward was quoted as saying it could still be weeks or months before the leak is brought under control.
BP has not put an estimate on the cost of the spill, but the company said last month it and partners in the well were paying $6 million a day in clean-up efforts. It admitted at the time that costs would rise sharply when the oil hit land.
Reuters
5/10/10
Magnolia Tribune
