| GEO Business|
| BP says "static kill" progressing well|
| Updated at: 1502 PST, Wednesday, August 04, 2010|
LONDON: BP 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 at 0819 GMT.
"This would suggest that the static kill operation is looking successful," Peter Hitchens, oil analyst at Panmure Gordon said.