Thursday, July 22, 2010

BP (NYSE:BP) Relief Well Drilling Stopped on Approaching Storm

With the potential for a tropical cyclone to hit the Gulf of Mexico, BP (NYSE:BP) workers have stopped drilling the relief well, which has the best potential to permanently stop the oil leak.

According to the National Hurricane Center, there is a 20-30 percent possibility of tropical storm winds of 39 mph or more to hit the area of the spill site.

A device called a packer has already been put in place in the relief well, which is used to stabilize it during storms.

Ships involved at the spill site don't move quickly, and so plans to evacuate are already being put into motion.

Although only four feet from the oil well, the relief well drilling could be stopped for up to two weeks.

The lead in the situation for the government, Thad Allen, has it on him to decide whether or not to open the well and allow oil to pour into the ocean or leave it shut.

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