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BP Says Well is Plugged After Cementing Operations

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Energy giant BP PLC said Monday it has successfully cemented the Macondo well in the Gulf of Mexico and no new oil has flown into the sea since mid-July, as the cost of the response to the catastrophic spill climbed to $6.1 billion.

“BP believes the static kill and cementing procedures have been successful,” the firm said in a statement.

Cementing operations on the Macondo well were completed last Thursday and pressure testing has shown that there was an effective cement plug in the casing.

BP’s Tests show the cement plug is working and the seal is holding on its troubled well in the Gulf of Mexico. Video courtesy of Fox News.

A relief well, however, remains the ultimate solution to permanently seal the Macondo well.

Continue Reading at MarketWatch.

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