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Huge Boost soon to Offshore drillers, Relief Well is ahead of Schedule at 15,000 feet, target is 18,000 feet.

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June 17, 2010 – Comments (3) | RELATED TICKERS: BP , RIG , ATPAQ

Get ready for a major relief rally in offshore drillers as news spreads that the relief well is nearing its target of 18,000 feet.

http://markimoore.com/relief-well-status-as-of-june-16-2010/

 

The primary relief well is currently at a depth of more than 15,000 feet. The relief well is beginning to angle at 23 degrees to intercept the MC252 well shaft. The well is being drilled by The Development Driller III and is approximately 11 days ahead of schedule.

The secondary or backup relief well , being drilled by The Development Driller II, has drilled the second relief well to a depth of 9,774 feet.

 

3 Comments – Post Your Own

#1) On June 17, 2010 at 1:03 PM, Teacherman1 (57.98) wrote:

While it is only 3,000 feet from it's target, it will now slow down.

They have to be very careful at this point to keep it from "jumping around", because they have a very small target.

It is good that it is 11 days ahead of schedule, but it will still be a while before they get there, assuming they don't miss and have to retrace.

Thanks for the post. Good information for those "playing" BP, but even better news for the Gulf Coast.

Have a nice day. 

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#2) On June 17, 2010 at 3:25 PM, TMFCrocoStimpy (95.83) wrote:

An 18,000 ft hookshot into a 7 inch pipe (if I read another article correctly).  And I thought angioplasty was an impressively delicate art.

For those with more knowledge than I about pipeline bores, why do they intercept the current bore so deeply?  Why not, say, bring the relief well in at 10,000 feet instead of dropping down almost all the way to the reserve? 

-Stimpy

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#3) On June 28, 2010 at 4:03 PM, guiseppewv (< 20) wrote:

Good question.  I also would like to know the answer.  I never realized all of the precision that is involved with the drilling industry until this disaster caused me to do more reading on it.

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