BP July 16 Update

BP July 16-9:30 am update

Subsea operational update:
•	The well integrity test is ongoing. - Currently the well remains shut-in with no oil flowing into the Gulf; any significant change to this operation will be announced via a press release. - Pressure continues to rise and is currently above 6700 psi. Due to the well integrity test, no oil was recovered during the last 12 hours on July 15 (noon to midnight). On July 15, total oil recovered was approx. 9,305 barrels: - approx. 5,875 barrels of oil were collected, - approx. 3,430 barrels of oil were flared, - and approx. 22.5 million cubic feet of natural gas were flared. Total oil recovered from the LMRP Cap, Q4000, and Helix Producer systems since they were implemented is approx. 804,800 barrels. An additional 22,000 barrels were collected from the RIT tool earlier in May bringing the total recovered to approx. 826,800 barrels. We anticipate the next update will be provided at around 6:30pm CDT on July 16, 2010. Updated July 16 at 9:00am CDT

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