BP seeks to fix well by July 27

BP wants to fix its gushing Gulf of Mexico oil well by July 27, weeks ahead of schedule, a senior official said yesterday, but rough weather threatened to derail the plans.

The British oil giant meanwhile mulled a US demand for advance warning of any big financial deals that could affect its ability to pay for the spill.

“In a perfect world with no interruptions, it’s possible to be ready to stop the well between July 20 and July 27,” BP managing director Bob Dudley was quoted as saying in the Wall Street Journal.

This would be ahead of the publicised mid-August time frame for completing relief wells that would help permanently cap the leak.

But Dudley added that this “perfect case” was threatened by the hurricane season and was “unlikely”.

The company was preparing a series of back-up plans, including connecting the ruptured well to pipelines in nearby oil and gas fields, the newspaper reported, citing company officials.

The target date of July 27 is the day the troubled British energy giant is expected to report its second-quarter earnings and speak to investors.


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