- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Total SA (NYSE:TOT), Europe’s third-largest oil company, said today it is making plans to stem a natural-gas leak at its North Sea Elgin platform by drilling two relief wells to intersect the original shaft and restrict the flow of fuel.
Gas has been escaping from the abandoned well at a rate of about 200,000 cubic meters a day since March 25, and Total said March 30 the source is a rock formation above the producing reservoir of the field.
The relief well may take six months to drill, Total said last week.
To contact the reporter on this story: Patricia Lee at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.