BP Puts $3 Billion in Gulf Fund, Moves Closer to Well Kill

[SpartanDem]

Source: Bloomberg

BP Plc made an initial payment of $3 billion into the trust fund it established to pay damages from its Gulf of Mexico oil spill, as it moved closer to permanently plugging the well.

The company and the U.S. Justice Department reported the payment to the trust today, the first for what will eventually be a $20 billion fund. BP, based in London, agreed to establish the trust in June after meeting with President Barack Obama.

BP successfully sealed the well’s casing with cement last week, leaving to a relief well the job of filling the remaining area of the well with cement and assuring no more leaks, National Incident Commander Thad Allen said during a conference call with reporters today.

The relief well is 17,909 feet (5,459 meters) below sea level and poised to intercept the damaged well in the Gulf of Mexico “towards the end of the week,” Allen said. Intercepting it and sealing it from the bottom will “permanently kill the well.”


Read more: http://www.bloomberg.com/news/2010-08-09/bp-puts-3-billion-in-gulf-fund-moves-closer-to-well-kill.html

[truthisfreedom]

1. I'm very curious as to how they steer the drilling of the relief well. I can't drill through a 4"

block of wood and hit a hole on the other side. How do you drill through 5.5 kilometers of rock and hit something the size of a dinner plate?

[Thor_MN]

2. I don't know, but they have been 100 feet away for at least three weeks

They are either paralleling the well or it's something like al Qadea's #2 man...