ok GLP people here we go, i have to tell you the bad news i just got from a BP friend of mine just 45' ago over the phone.

They lost the oil pipe approximate 400 feet bellow the seafloor, it came apart from the connections (couplings) that connects the pipes together, now the oil is leaking from the corroding pipes, the extreme presure bypassing the well's walls creating huge tunnel size wells way below the seabed.
The damaged underground well is out of reach to be repaired and now they hope with reduced presure it will be easyer to plug the pipe on the top section so it looks fixed.

This is a major problem right now for BP, he told me they must cover up the event and keep it a secret.