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BP Says Oil Spill Bill Nears $4 bn

Source: Reuters 7/19/2010, Location: North America

BP said it had spent $3.95 billion so far on efforts to tackle its leaking oil well in the Gulf of Mexico and that it aims to permanently kill the well in the first half of August.

BP said in a statment on Monday it continued to run an integrity test on the well, on which it placed a cap last week that appeared to seal the well and that pressure continued to rise.

The statement did not refer to oil seeps detected near the well, which the government's top oil spill official said on Sunday engineers had detected.

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