BP says relief well getting close
BP says the first of two relief wells is getting close and could provide an answer to the Gulf oil spill next month. The rig drilling the relief well that's the best hope of stopping the oil spill has made it within about 20 feet horizontally of the blown-out well that's gushing crude, BP Senior Vice President Kent Wells said Monday.
Wells said the rig is going to drill an additional 900 feet down before crews cut in sideways and start pumping in heavy mud to try to stop the flow from the damaged well. It's currently about 16,770 feet down.
Wells says BP is moving extremely cautiously to make sure everything is lined up correctly and the relief well is still on target to be finished by early August. A second well is being drilled as a backup.
"This is the point in time we have to be very good at what we're doing," Wells said.
Meanwhile, BP is facing more tough times as the stock continues to fall on world markets, rumours of CEO Tony Hayward resigning and now the development of Hurricane Alex in the Gulf of Mexico that will impact the spill and cleanup efforts in the coming week.
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