BP oil disaster: How much oil is left?

BP oil disaster: The underwater oil field still holds 94 to 97 percent of its oil, meaning that it could keep gushing for another two to four years.

By

  • close
    BP oil disaster: Oil continues to gush millions of gallons a day from the broken wellhead at the site of the Deepwater Horizon oil well in the Gulf of Mexico Thursday morning.
    View Caption

BP CEO Tony Hayward says the reservoir that feeds the gushing well in the Gulf of Mexico probably still holds about 2 billion gallons of oil.

Appearing before a House subcommittee, Hayward estimated that the reservoir tapped by the out-of-control well holds at least 50 million barrels of oil. At 42 gallons per barrel, that's 2.1 billion gallons.

According to government estimates of daily flow figures, anywhere from 73.5 million to 126 million gallons gushed from the breached wellhead — whether into the water or captured.

Recommended: Could you pass a US citizenship test?

That means the reservoir likely holds 94 to 97 percent of its oil. At the current flow rate, it would take from two to nearly four years for all the oil to leak from the field if it can't be stopped.

RELATED:

IN PICTURES: The Gulf oil spill's impact on nature

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...