BP Spill Costs at $2.65 Billion as Well Work Proceeds
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BP Plc said the cost of battling the Gulf of Mexico oil spill has reached $2.65 billion as its drill two relief wells to plug the biggest oil spill in U.S. history.
The first of two relief wells aiming to intercept and plug the leak has reached a depth of 16,546 feet (5,043 meters) and detected the metal casing of the Macondo wellbore, London-based BP said today in a statement. The company did a second probe to help locate the well more precisely.