Efforts to stem the Deepwater Horizon oil spill on top of which the new cap was located. The well integrity test was scheduled to take place after the installation of a three-ram capping stack over the lower marine riser package of the Deepwater Horizon semi-submersible rig on . On July 14, BP announced that the test would be delayed under Allen's orders; oil continued to flow into the Gulf. On July 15, 2010, BP announced that it had successfully plugged the oil leak using a tightly fitted cap. The cap, weighing 75 tons and standing high, is now bolted to the failed blowout preventer. It consists of a
Economic effects of the Deepwater Horizon oil spill approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 1 November, BP announced plans to spend $78 million to help Louisiana tourism and test and advertise seafood. The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in losses for each