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BP joins oil giants' spill-response group

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Sept. 20 (Bloomberg) -- U.S. officials said BP Plc killed its Macondo well in the Gulf of Mexico after creating another cement seal, plugging the source of the largest offshore oil spill in U.S. history. "The Macondo 252 well is effectively dead," said National Incident Commander Thad Allen in a statement yesterday. BP completed its last pressure test on the plugs at 5:54 a.m. local time before declaring the well sealed, according to the statement. Susan Li reports on Bloomberg Television's "First Up." (Source: Bloomberg)

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Monday, September 20, 2010; 10:47 PM

BP said Monday that it would join the oil spill response group formed over the summer by Exxon Mobil, Royal Dutch Shell, ConocoPhillips and Chevron.

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The other four companies said they would spend $1 billion to fabricate equipment and train teams that could be deployed in the event of a future spill in the Gulf of Mexico. They took out full-page ads in newspapers last week promoting their effort.

BP said it would make its underwater well containment equipment and technical personnel available to the group, called the Marine Well Containment Co., which will be operated by Exxon Mobil.

BP arranged for the fabrication of containment devices only after its Macondo well began gushing oil into the gulf, after its Deepwater Horizon rig blew out on April 20.

The new response organization would have equipment on standby.

- Steven Mufson



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