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Cement Sets in BP Oil Well

BP says cement it pumped into its broken Gulf of Mexico oil well had set. After conducting tests, officials expect to declare the well permanently sealed.



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said Saturday that the cement it had pumped into its broken Gulf of Mexico oil well from the bottom had set, according to a published media report.

After conducting a pressure and weight test, officials expect to confirm that the well has been permanently plugged, said the report, by the

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Associated Press

. Such confirmation was expected late Saturday but might not come until Sunday, the report said.

BP pumped the cement through a relief well in an operation known as a "bottom kill."

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Confirmation that the well is permanently plugged will bring to an end a saga that began on April 20, when an explosion killed 11 workers and sank BP's Deepwater Horizon drilling rig. Deep undersea, oil spewed from the broken well, creating the worst offshore spill in U.S. history.

BP stopped the oil from leaking by placing a cap on top of the well in July and injected cement into the well from the top last month.

Shares of BP closed Friday at $38.03.

This article was written by a staff member of TheStreet.