I’d be checking the seismographs and getting out of Dodge too if it goes bad.. lots of trepidation on the gubamint’s part.. BP may be footing the bill but the gubamint is signing off on their efforts.. I say , if it don’t collapse or blow up in afew weeks,, tap it drain it dry.. and then, run like heck.. to the bank. :-)
From what I have read, government regulations require that any undersea well bore that experienced a blow out, cannot be used for production. It must be permanently sealed. That was from a comment on the Oil Drum. Now they could go for new production wells on the same reservoir, but one can only imagine the red tape the government will now put in front of the process.