The company is reporting today that the flare has extinguished itself, relieving the most serious danger to workers who will now be able to get to the platform and try to plug the leak from there by pouring heavy mud down the well bore. That solution would be both quicker and cheaper than drilling relief wells to staunch the flow.
The gas condensate (liquids) leak at the well has coated the sea with a sheen over an area of about 38 square miles.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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