Allen: Blowout preventer was installed in BP's Gulf well

09/6/2010 | Bloomberg

BP has successfully installed a new blowout preventer at its Macondo well in the Gulf of Mexico. The device has eliminated the threat of oil gushing, according to the U.S. government. "The well doesn't constitute a threat to the Gulf of Mexico at this point," said retired Coast Guard Adm. Thad Allen, the incident commander.

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