BP to Cap Fractured Pipe in Next 24 Hours

Deepwater Horizon Gulf of Mexico Oil Spill

PORT FOURCHON (Dow Jones Newswires), June 1, 2010

BP hopes to place a cap on a fractured oil pipe and contain the Gulf of Mexico spill within the next 24 hours, a top company official said Tuesday.

"If everything goes well, within the next 24 hours, we could have this contained," BP's chief operating officer Doug Suttles told reporters in Louisiana.

The operation dubbed a lower marine riser pipe to cut off the leaking pipe and seal it with a tight cap was launched Tuesday morning, earlier than the timetable set at the weekend by BP after an earlier bid to stop the leak failed.

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