BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
Montara oil spill 1 November. The West Triton jackup drilling rig arrived at the Montara Field in an attempt to plug the oil leak on 11 September 2009. Oil and gas producer, Woodside Petroleum Ltd offered to assist PTTEPAA in cleaning up the oil spill with the use of a rig closer to the spill site. However, PTTEPAA rejected the Woodside offer on the basis of "safety reasons". The Woodside rig was a semisubmersible drilling rig and, as it floats on the sea surface, was not deemed as a suitable platform for the relief well. A jackup rig was required because it could