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BP is working on fixing a valve leak on a rig, to be used to carry out their once-and-for-all solution to end the months long, oil spill in the Gulf of Mexico. But, as analysts warn the spill's environmental, political and financial implications will linger once the leak is stopped.
BP is repairing a valve leak on the rig needed to conduct a "static kill" of its Gulf of Mexico leak, hoping that within a day they might begin to shut down the well permanently.
The so-called static kill process could take anywhere between 33 to 61 hours to complete.
Thad Allen, Retired Coast Guard Admiral, said, "I think everybody would like to have this thing ended as soon as possible."
Allen emphasized the "static kill" is just part of the process of killing the disabled well. That job will be done when packing mud and concrete are injected into the well, sealing it for good.
Thad Allen, Retired Coast Guard Admiral, said, "The static kill is not a monolithic thing that will happen - it is one part of the diagnostic test that is being done. It is not an end in itself."
A permanent seal to the well will end the months-long technical nightmare for BP that began April 20th with an explosion on the Deepwater Horizon rig that killed 11 people.
Millions of gallons of crude spewed into the ocean after the blast, contaminating hundreds of miles of coastline and destroying wild life.
Analysts say, even when the well is finally capped, the environmental disaster will be far from over and its political and financial implications will linger for a long time.
Gulf fishing communities and business owners are counting the costs of the worst offshore oil spill in US history.
But after months of uncertainty, BP investors are looking for a permanent solution to a disaster that cost the company billions of dollars to cleanup, tarnished its reputation in the US and left it facing numerous lawsuits and possible criminal charges.