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BP Prepares to Lower 'Top Hat' on Oil Leak

BP Prepares to Lower 'Top Hat' on Oil Leak 12 May 2010 BP PLC has lowered a new containment device to the floor of the Gulf of Mexico and will deploy it on a leaking oil well in the next two days, an executive said Wednesday. BP is still deciding whether first to attempt to lower the device, known as a top hat, on the leak itself, or to divert oil by inserting a tube into the broken pipe that once connected the well to the Deepwater Horizon rig, which caught fire on April 20 and sank two days later. In both cases, oil would then be funneled up to a rig on the surface.