BP siphoning off 40 pct of Gulf of Mexico oil leak

[Scurrilous]

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"BP Plc (BP.L) doubled the estimate of how much oil it was managing to siphon from the leak in the Gulf of Mexico, as it lifted the total bill for the clean-up to $625 million.

BP said on Tuesday its "quick fix" mile-long siphon tube deployed on the leaking well was now collecting 40 percent of the estimated 5,000 barrels of oil flowing into the sea per day, double the 1,000 barrels it was capturing on Monday.

The updated cost of the oil spill was $175 million more than the oil major reported five days ago and includes the spill response, containment, relief well drilling, grants to the Gulf Coast States, settlements and federal costs."

http://www.reuters.com/article/idUSLDE64H0EA20100518?type=marketsNews