LONDON Aug 4 BP (BP.L)(BP.N) said on Wednesday
its "static kill" operation to plug its blown out Gulf of Mexico
well is progressing well.
"The MC252 well appears to have reached a static condition
-- a significant milestone," the company said in a statement.
The company has stopped pumping drilling fluids into the
well and is monitoring pressure inside, before deciding whether
to pump more fluids down the well.
BP's shares were down 0.6 percent, in line with the STOXX
Europe 600 Oil and Gas index .SXEP at 0819 GMT.
"This would suggest that the static kill operation is
looking successful," Peter Hitchens, oil analyst at Panmure
(Reporting by Tom Bergin; editing by Simon Jessop)