BP (BP) finished pumping cement into its broken Macondo oil well in the Gulf of Mexico, clearing the way to permanently sealing the leak later this month.

BP pumped cement into the well for most of Thursday after using mud to control the pressure inside the ruptured well, Reuters reported.

"This is not the end, but it will virtually assure us that no oil will be leaking into the environment," said retired Coast Guard Admiral Thad Allen.

The next step will be to use a relief well to finally seal the reservoir 13,000 feet beneath the seabed. Engineers will use the relief well to pump in more mud and cement as part of a so-called bottom kill operation. The relief well should be ready later this month.

"I will declare this well dead once we've intercepted the annulus (the space between the well pipe and surrounding rock) and we've assessed how much mud or cement we need to do from the bottom to finally kill this well," Allen said

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Great news. I have noticed a rise in the price at the pump - here we go again.

August 06 2010 at 4:35 PM Report abuse rate up rate down Reply
1 reply to vobox3343's comment

me too! price here was $2.43, now its #2.61 , just a weeks diference

August 06 2010 at 4:55 PM Report abuse rate up rate down Reply

Best news I have heard in a long time.
BP finily has control of this well and now we can turn our attention
to what exactly happened. Its like a breath of fresh air better late than never..

August 06 2010 at 4:18 PM Report abuse +1 rate up rate down Reply