Question-and-Answer Session
Thank you sir. We'll now begin the question-and-answer session. [Operator Instructions]. And our first question comes in the line of James West with Barclays Capital. Please go ahead.
James West - Lehman Brothers
Hey good morning Terry.
Terry Hall - Chairman and Chief Executive Officer
Good morning James.
James West - Lehman Brothers
Terry, please look at the damage platforms in the Gulf and no doubt there is a lot of opportunity out there, you had mentioned that there is lot of... I guess right now more of an assessment period. What do you think is the timeline from oil companies assessing their damage doing the repairs they can do to production platforms that are still up and running, and then awarding more large scale or at least initial platform removal projects?
Terry Hall - Chairman and Chief Executive Officer
James, clearly that depends on the severity of the damage. But experience shows that it takes a minimum of two or three months for people to get through the initial damage phase and to take care of may be some more minor problems. Once you get passed say 90 days and you've repaired the things that you can repair quickly, I think people then become more focused on planning and engineering whatever restorative type work needs to be under taken. So, we are quite busy now looking at many potential projects. And we are in the planning phase for several already. So, if the sense of your question is do we think we're going to get some more damage recovery work? Yes, we do, we are quite confident that we are going to get a significant amount of it as a matter of fact. But it will start showing up in '09. Actually, I don't think we are going to see much of it. We are already working on some now, but nothing of significance, none of the bigger things are going to really get started probably until '09.
James West - Lehman Brothers
Okay. And then with the wired well control given that there is still heading the project for BP. I mean other projects that are in the mix right now. How much more capacity do you think that you have to take on additional removal jobs?
Terry Hall - Chairman and Chief Executive Officer
Well, we are building capacity all the time, James. We are adding assets that can help us in that regard and we will build capacity as required.
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