France’s Total SA (NYSE: TOT) is moving two rigs into position to begin drilling relief wells to staunch the flow of natural gas from one of its wells in the North Sea’s Elgin field. If the company can extinguish the flare burning from its platform, it might try get equipment into position to inject heavy mud into the well in an effort to stop the gas flow without the relief wells.
The company’s managing director for UK E&P operations made this statement at a press conference earlier today:
With respect to stopping the leak, we have launched two main actions which we are progressing in parallel. The first is to carry out the well kill operations using a floating support; the second is to drill two relief wells and, to that end, we have suspended operations on two of our drilling rigs in order to make them available for work on the relief wells. We have notably mobilized a strong team of internal and external experts and a number of specialized support vessels.
The gas leak is putting out about 7 million cubic feet of natural gas per day according to a Total estimate.
Paul Ausick
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
