BP: New Cap On Leaking Oil Well In Place

[stevedeshazer]

Source: Wall Street Journal

BP PLC (BP, BP.LN) said Monday that it has successfully installed a new sealing cap as part of efforts to stop oil from gushing out of a broken well in the Gulf of Mexico.

The cap was installed at about 7 p.m. central time (0000 GMT), the company said in a statement. Next, the company will begin a series of integrity tests to ensure the cap is working.

The company said it doesn't expect any oil to be released into the ocean during the tests.

The new cap is the U.K. oil giant's latest attempt to stop the flow of oil from the Macondo well while the company drills relief wells nearly a mile below the surface that it hopes will permanently plug the leak.

Read more: http://online.wsj.com/article/BT-CO-20100712-712632.html

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more at link

[Botany]

1. Please let the new cap on the oil well

No politics, no agenda, and no judgements I just hope it works.

[stevedeshazer]

3. I'm with you.

I just want the damn thing to work.

[Javaman]

2. so now we wait and see. nt

[w4rma]

4. Good news? (nt)

[defendandprotect]

5. This is GREAT news and it isn't even August . . .

however -- as should be obvious -- caps like this should have been available

and on ships and ready to go -- there are 50,000 rigs in Gulf!!

The ocean floor must be mesh -- well . . . mesh filled with leaked oil now!

[wordpix]

6. sorry but I'm skeptical they can cap that gusher - hope it's true

that's all I can say. I just can't fathom how a cap will fit that blowout so no more oil escapes.

[Posteritatis]

7. If I remember right that's less about stopping the flow entirely

And more about slowing it to the point where the assets on the surface can deal with the remaining flow without either blowing the cap or getting any more oil in the water. If they're at that point then things might be stable long enough to get some permanent fixes in place, which would obviously be great.