BP's Relief Well Effort Delayed by US Concerns Over Risk of Oil Release - Bloomberg

BP Plc needs to provide additional analysis and plans that will ensure no oil is released when the company drills a relief well and pumps mud and cement to the bottom of the Macondo well to permanently kill it.

Visit http://metlifeinsuranceproducts.wordpress.com/ for MetLife Insurance Products News and Reviews.

BP determined there is 1,000 barrels of oil trapped in its Gulf of Mexico Macondo well after cement was poured from the top earlier this month. The London-based company will probably need until Aug. 17 to provide a method to perform the so-called bottom kill without an uncontrolled release of crude, National Incident Commander Thad Allen said during a conference call with reporters yesterday. Once BP makes its submission, it may receive permission to finish drilling the relief well and pump mud, Allen said. Alternatively, Allen may order BP to replace the blowout preventer, the assembly of valves atop the well, before resuming drilling, he said yesterday.

BP's Relief Well Effort Delayed by US Concerns Over Risk of Oil Release - Bloomberg