BP’s critical Gulf oil well test

Support ships are seen near the Discoverer Enterprise drilling rig (R) as they continue the effort to recover oil from the Deepwater Horizon spill site

After making repairs on a new containment cap, BP plans to proceed with tests that could stop the gush of oil from its well in the Gulf of Mexico. BP delayed yesterday’s planned pressure test of the oil well so that industry and government scientists could review test procedures. The critical test will seek to measure the well's interior pressure and determine whether leaks are coming from shallow or deep parts of the well. If the test is successful, BP will move ahead with affixing a cap to shut off all oil leaking into the Gulf. What's at stake with the tests and stopping the oil spill?

After making repairs on a new containment cap, BP plans to proceed with tests that could stop the gush of oil from its well in the Gulf of Mexico. BP delayed yesterday’s planned pressure test of the oil well so that industry and government scientists could review test procedures. The critical test will seek to measure the well's interior pressure and determine whether leaks are coming from shallow or deep parts of the well. If the test is successful, BP will move ahead with affixing a cap to shut off all oil leaking into the Gulf. What's at stake with the tests and stopping the oil spill?

Guest:

Dave Pursell, Managing Director, head of the macro-research department at Tudor, Pickering and Holt, an Energy Investment Banking Company in Houston, Texas