U.S. receives BP letter, to authorize cap work: Allen

NEW ORLEANS, Louisiana (BestGrowthStock) – BP Plc has responded to a U.S. government request to lay out a timeline for placing a new cap on its blown-out well, retired Coast Guard Admiral Thad Allen said on Friday.

“We’re reviewing it right now,” Allen told Reuters. “If there are no problems with it, we’ll probably authorize them to move ahead later on this evening.”

If approved, the company would start removing the current cap on Saturday and have a new one in place by early next week, Allen said.

“It looks like it’s achievable at this point if we remain on schedule,” Allen said. “If we approve the timeline, we would start tomorrow to remove the current cap and to start the sequence of events.”

(Reporting by Jeff Mason; editing by Todd Eastham)

U.S. receives BP letter, to authorize cap work: Allen