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Oil Spill: BP's 'Static Kill and Drill' Plan

Stocks in this article: BP RIG APC CAM HAL APA





Oil Spill by the Numbers

The oil spill has already cost BP more than $4 billion.

The daily price tag to BP from the oil spill, which was estimated at $6 million to $7 million in the early days of the now ten-week-old crisis, has risen to an estimate of $38 million daily.

BP has said the cleanup and containment costs related to the oil spill would largely be limited to 2010, but that the longer-term liability is impossible to quantify. BP took a $32.2 billion charge in its second-quarter earnings related to the oil spill, resulting in a $17 billion quarterly loss.


The first BP relief well reached a depth of 17,810 feet. The second relief well, which was started May 16, has reached a measured depth of 16,000 feet.

BP states that more than 87,000 payments have been made to claimants, totaling more than $266 million.

Approximately 30,000 people, 4,500 vessels, and 96 planes are involved in the oil spill cleanup. These levels are down from a July high of 46,000 personnel, more than 6,400 vessels and some 113 aircraft.

Skimming operations at the surface of the water have recovered approximately 827,000 barrels of oily liquid. In addition, nearly 300 controlled burns have removed an estimated 265,000 barrels of oil from the sea's surface.

The total length of containment boom deployed to keep oil from reaching the coast is now almost 3.4 million feet (587 miles).

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