For the first time since the oil spill in the Gulf of Mexico, BP (NYSE:BP) has publicly stated they won't attempt to extract any more oil from the Macondo oil well, and the capping of the well will be permanent.
Speaking at the Southern Governors’ Association’s 2010 Annual Meeting, incoming BP CEO Bob Dudley said the oil giant has no intention or plans in place to use the Macondo well again.
Dudley said, “The well will be capped, and nobody will ever want to go near that well again, and there are no plans to develop that Macondo structure field.”
Up till this time, when asked if they planned on tapping into the large amount of oil left in the well, officials from the company hadn't committed either way, implying the final decision hadn't been made yet.
With Dudley publicly committing to a permanent solution, that ends the speculation and conjecture over the uncertainty of the situation.
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