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BP static kill a ‘significant milestone’
The oil giant stems the Gulf of Mexico leak with mud ahead of the planned drilling of a relief well
Markets
BP has said its ‘static kill’ of the Macondo well has been successful and marks a ‘significant milestone’ in closing the leak for good.
The oil giant pumped tonnes of mud into the well from a number of vessels over eight hours last night. This has stemmed the flow and the firm is continuing to monitor the situation, but admits that more mud may be needed to be pumped in.
BP says it will continue to work with the National Incident Commander and other US government officials to assess whether it will need to later inject cement into the well.
This will complement the upcoming relief well operation which is set to continue as planned.
The group said: ‘A relief well remains the ultimate solution to kill and permanently cement the well. The first relief well, which started May 2, has set its final 9 7/8-inch casing.
‘Operations on the relief wells are suspended during static kill operations. Depending upon weather conditions, mid-August is the current estimate of the most likely date by which the first relief well will intercept the Macondo well annulus, and kill and cement operations commence.’
BP’s share price has shown little apparent reaction to the latest update, down 2.1p or 0.51% at 411p on very thin volumes in lunchtime trading.
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9 comments so far. Why not have your say?
Anonymous 1 needed this 'off the record'
Aug 04, 2010 at 17:44
Early days yet but hats off to BP, the only people who seem to have been doing anything constructive regarding this situation.
Although I feel that whatever they do, certain Americans will trump up some kind of negative counter.
report thisDavid booth
Aug 04, 2010 at 18:29
Having just retired as Marine Superintendent at a major oil & gas exporting terminal in Africa and, 20 years ago piloted & loaded the Exxon Valdez (then renamed Exxon Mediterranean). However the more I follow this accident the more disgusted I am with President Obama's actions with BP's accdent. No doubt President Obama will end up as having sorted this problem out whilst giving BP no credit for their work & expertise. I mean he has to screw as much cash & as many votes as he can out of this. T. Canyon, Exxon Valdez, Braer etc etc show that nature clears most of the mess not the President of the USA.
report thisRicardo Muttoni
Aug 04, 2010 at 18:53
Would it be insensitive to ask the size of the oil field?
report thisJames Harris
Aug 04, 2010 at 19:07
Im am just waiting for Barack to give some sort of speach giving himself a big pat on the back!
Do any americans actually listen to what he says?!
report thisJohn H
Aug 04, 2010 at 20:11
The news reports indicate that the enviro damage is a lot less than the earlier hysterical claims from Obama and the compensation seekers. David Booth is right; nature clears up the mess quite well.
report thisAnonymous 1 needed this 'off the record'
Aug 04, 2010 at 22:02
When I heard Obama on the news this evening I thought, "Here we go, he's beginning to take the credit already."
Clearly I'm not alone in my thinking.
report thisBrian Martin
Aug 05, 2010 at 10:49
American operated drilling operation explodes April 2010, very regretfully killing 11 men in an industrial accident.
BP has since spent out billions of dollars in repair operations and paid out in compensation without need of legal action, and now in August the leak is stopped.
Compare this to Union Carbide in Bhopal where in December 1984 aproximately 3500 people died immediately, and at least 100000 have died since.
Union Carbide after lengthy negotiations paid out in 1999 $470 million in insurance covered compensation
Note fifteen year delay!!
Indian Government still cleaning up damage
Mr Obama and other scene stealer's please hang your head in shame at your general lack of comprehension as to how to behave in a crisis and treat your fellow man
report thisChris Shaw
Aug 05, 2010 at 12:41
The Indians should use the Obama administration's actions to press a comparable Bhopal claim.
As for this oil spill, it is sadly true that most engineering advances stem from serious reverses. In this case, there does seem to have been a combination of a need for quick results and a lack of a back-up plan. BP has to take some stick for those decisions.
report thiswilliam morgan
Aug 05, 2010 at 18:48
BP has the experience of the North Sea. Its safety and technical procedures are sophisticated enough to have foreseen the Deepwater catastrophy. From an engineering point of view there are no excuses. The leak should have solicited a technical response not the PR mess that resulted.
Regarding the share price, this incident should have strengthened the management of the operation.
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