Friday, July 16, 2010

BP (NYSE:BP) Changes Containment Strategy

While the new containment cap continues to do its job, and tests indicate there are no leaks, as the pressure continues to rise to the desired goal of over 8,000 a square inch.

Originally BP said they'll stop pumping oil to the surface once they get the oil well contained, but that seems to have changed now according to the Gulf response manager.

Thad Allen stated the company will probably continue to sent oil to containment ships on the surface once the tests are successfully completed.

This will continue to be done until the relief wells are in place to plug the oil well permanently.

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