Bloomberg News

BP Is Making ‘Best Attempt’ to End Gulf Oil Spill, Sechin Says

June 05, 2010

BP Plc (BP/) is making its “best attempt” to end the oil leak from the Gulf of Mexico well, Russian Deputy Prime Minister Igor Sechin said.

“BP is a very big, professional company,” Sechin, also chairman of Russia’s largest oil producer OAO Rosneft (ROSN), said today at the Sharjah Chamber of Commerce. “We work closely with BP and we are sure that BP is making its best attempt.” BP owns a minority stake in Rosneft.

BP is battling to stop flow from a well 5,000 feet (1,524 meters) underwater after the April 20 explosion on the Deepwater Horizon rig. The biggest oil spill in U.S. history has soiled at least 140 miles (225 kilometers) of Gulf coast, halted deepwater exploration drilling and shut a third of its fishing areas.

“Unfortunately, offshore production has some significant risks,” Sechin said on a visit to the United Arab Emirate sheikdom. “So from our side, we’ll have stricter requirements for ecological safety and I’d like to express hope that BP will cope with this crisis.”

Russia, the world’s biggest energy exporter, is moving offshore into the Arctic, the Caspian Sea and the Far East as western Siberia fields start to run dry. The government is considering expanding the list of companies qualified to work offshore beyond state-run OAO Gazprom and Rosneft, Sechin said last month.

To contact the reporters on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net; Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net; Stephen Voss at sev@bloomberg.net.


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