June 16, 2010 3:29 PM

New BP system burns 1,240 barrels of oil from runaway well

A drilling platform at the site of BP's runaway Deepwater Horizon well burned a total of 1,240 barrels of oil in its first 11 hours of operation Wednesday. BP hopes the new system will add as much as 10,000 barrels a day to the amount of oil being recovered from the Gulf of Mexico.

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