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Fears ease over BP oil well disaster

FINANCIAL TIMES
By Ed Crooks and Sheila McNulty
Published: April 23 2010 20:06 | Last updated: April 24 2010 02:48

The BP oil well in the Gulf of Mexico that suffered a catastrophic accident on Tuesday night appeared to have stopped leaking on Friday, easing fears that it could cause serious environmental damage.

The incident nevertheless ranks as one of the US offshore industry’s worst disasters. On Friday night the search was called off for the 11 workers missing from the Deepwater Horizon rig that had been working on the well.

The disaster is likely to become the subject of extensive litigation, with lawyers already moving to file cases against BP and Transocean, the drilling contractor that owned the rig.

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