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1,000 barrels of oil a day spilling in the Gulf of Mexico

NASDAQ

26 April 2010

BP plc ( BP ) is now leading the charge in containing the oil spill in the Gulf of Mexico following the explosion of one of its contracted offshore rigs. The company, together with Swiss drilling contractor Transocean Ltd. ( RIG ), is currently drilling a well to activate a blowout valve in order to stop oil spilling at a rate of 1,000 barrels a day. If that effort fails, the company will have to drill a second well and inject heavy fluid to stop oil from leaking out. BP said that the operation could take as long as three months

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