Salvin

"It appears to be going exactly as we hoped," Salvin said on Friday afternoon, shortly after the four-story device hit the seafloor.

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Salvin said BP would need about five days to move or secure equipment including ships that are processing the oil sucked up by the containment cap on the well and the rigs drilling the relief wells.

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Still, Salvin insisted the company was prepared to handle a blowout and catastrophic spill at the project through provisions included in its regional plan.

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"It appears to be going exactly as we hoped," Salvin said on Friday afternoon, shortly after the four-story device hit the seafloor.

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"We have a plan that has sufficient detail in it to deal with a blowout," Salvin said, while acknowledging that the ongoing crisis at the Deepwater site is "uncontrolled."

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BP would need about five days to secure or move all its equipment to safety from an approaching storm but is working to shorten that to two days, Salvin said.

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The other continuing leak is from a crack where the riser is kinked about five feet above the blowout preventer, Salvin said.

BP caps one of three oil leaks in gulf 2010

The other continuing leak is from a crack where the riser is kinked about five feet above the blowout preventer, Salvin said.

BP caps one of three oil leaks in gulf 2010

Although the relief well is only 200 feet laterally from the original well, the crew still has to drill about 2,000 feet deeper before it can intercept the original well, according to Salvin.

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"We are essentially taking a four-story building and lowering it 5,000 feet and setting it on the head of a pin," Salvin said.

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