Friday, September 10, 2010

Thad Allen Tells BP (NYSE:BP) to Check Seals on Oil Well

On a conference call today, National Incident Commander Thad Allen said he has ordered BP (NYSE:BP) to check the seals on the Macondo oil well in the Gulf.

Allen said what he is looking for is whether or not the seals will be able to handle 1 million pounds of pressure.

If they can, it could speed up the process of permanently sealing the well, according to Allen.

He added if it is able to handle the pressure, they may not need to perform the recently-added task of pumping more cement into the top of the well, and may proceed with original plans to do just the "bottom kill."

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