British Petroleum (BP) announced on Friday that it is expecting to put an end on the largest oil spill in U.S. history with a final shot of cement.
According to an e-mailed statement from London-based BP, the final show of cement can be injected on the well because the relief well that intercepted the outer casing located at the bottom of Macondo well did not show any complications.
The April 20 explosion that killed 11 rig workers and spilled 4 million barrels of oil into the ocean wiped out almost $70 billion from the market value of BP. It also caused the deep-water drilling in the Gulf to stop for a while and cost the job of Tony Hayward, chief executive officer of BP. According to BP, the injection of cement into the space between steel casing of the well and the outer walls will permanently seal the Macondo well in the Gulf of Mexico.
According to Nansen Saleri, chief executive officer of Quantum Reservoir Impact LLC, a firm in Houston that advises the companies on how to improve the production of gas and oil, BP is going to put the final punctuation in the worst oil spill in the U.S. He said that the well is already dead but because of its history, it is better to place extra insurance policy to prevent future complications.
BP already spent $8 billion for the oil spill alone. The well that is located about 40 miles from the coast of Louisiana leaked almost 4 million barrels of crude oil in the Gulf. After BP sealed the well on July 15, crude oil or gas stopped leaking from the Macondo well.
Bad Weather prevented BP in permanently sealing the well. BP said that it will take a few weeks before they can drill a relief well that can reach the level where Macondo well is located.



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