Thursday
May272010
BP Hesitant To Judge Effectiveness Of 'Top Kill' Method
Thursday, May 27, 2010 at 4:20PM
By Justine Rellosa- Talk Radio News Service
Lamar McKay, the President and Chairman of BP America, was not yet ready to weigh in on the effectiveness of the oil giant's recently implemented "top kill" method to stop the massive oil spill off the Gulf Coast during his appearance before the House Natural Resources Committee Thursday.
“We do not know how long it will take for the operation to prove successful or otherwise ... If necessary, we are also preparing a technique to clog the BOP (Blow Out Preventer) and stop the flow. It involves injecting fibrous material into the BOP,” McKay said.
McKay reassured the Committee that BP is taking responsibility for all costs and will exceed the liability cap in their response to the Deepwater Horizon disaster.
“We are taking our responsibilities as a responsible party very seriously. We have said that we are not going to use any caps of any sort. We’ve said we are going to reimburse the government ... and we are not going to ask for reimbursement from the government for any claims.”
Lamar McKay, the President and Chairman of BP America, was not yet ready to weigh in on the effectiveness of the oil giant's recently implemented "top kill" method to stop the massive oil spill off the Gulf Coast during his appearance before the House Natural Resources Committee Thursday.
“We do not know how long it will take for the operation to prove successful or otherwise ... If necessary, we are also preparing a technique to clog the BOP (Blow Out Preventer) and stop the flow. It involves injecting fibrous material into the BOP,” McKay said.
McKay reassured the Committee that BP is taking responsibility for all costs and will exceed the liability cap in their response to the Deepwater Horizon disaster.
“We are taking our responsibilities as a responsible party very seriously. We have said that we are not going to use any caps of any sort. We’ve said we are going to reimburse the government ... and we are not going to ask for reimbursement from the government for any claims.”
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