BP STOPS OIL SPEWING INTO GULF

16.07.2010 [22:57]
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Baku, July 16 (AZERTAC). BP Plc`s stricken oil well showed no sign of leaking on Friday after a new cap stopped crude from flowing into the Gulf of Mexico, but President Barack Obama cautioned there was more work to do before the gusher was permanently stopped, Reuters reports.

BP was conducting a pressure test after it choked off the well on Thursday. Underwater robots scanned the sea floor for signs of oil leaks, which could happen if the undersea well is damaged.

"We`ve seen no negative evidence of any breaching there," said Kent Wells, BP`s senior vice president of exploration and production.

Obama, speaking at the White House, cautiously welcomed the news. "We won`t be done until we actually know that we`ve killed the well and that we have a permanent solution in place. We`re moving in that direction, but I don`t want us to get too far ahead of ourselves."

BP`s shares rose in London on Friday on hopes that it has at last been able to stop the oil that has been leaking into the Gulf of Mexico for the past three months and can focus on the cleanup.

It was the first time BP managed to cap the flow since the April 20 explosion that killed 11 men and caused the worst offshore oil spill in U.S. history.

BP STOPS OIL SPEWING INTO GULF

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