BP (NYSE:BP) has completed the final step in the "static kill" at the top of the oil well, finishing pumping cement into the top of the well, according to Thad Allen, who is overseeing the operations for the government.
Allen said, "I think we can all breathe a little easier regarding the potential that we'll have oil in the Gulf ever again. But we need to assure the people of the Gulf and the people of the United States that this thing is properly finished."
The cement should take about 24 hours to dry, added Allen.
Next comes the long-awaited bottom kill from the relief well, which will pour into cement at the bottom to completely and permanently seal the well.
Final drilling will take about a week to reach its destination, which is just above the large reservoir of oil. Once it reaches there, it could take weeks before the well is totally sealed with more cement.
A second relief well is being drilled in case the first one fails.
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