By Allen Breed and Seth Borenstein

BP’s chairman defended his company’s safety record and said Sunday that “a failed piece of equipment” was to blame for a massive oil spill along the Gulf Coast, where President Barack Obama was headed for a firsthand update on the slick creeping toward American shores.

BP PLC chairman Lamar McKay told ABC’s “This Week” that he can’t say when the well a mile beneath the sea might be plugged. But he said he believes a 74-ton metal and concrete box — which a company spokesman said was 40 feet tall, 24 feet wide and 14 feet deep — could be placed over the well on the ocean floor in six to eight days.

McKay said BP officials are still working to activate a “blowout preventer” mechanism meant to seal off the geyser of oil.

“And as you can imagine, this is like doing open-heart surgery at 5,000 feet, with — in the dark, with robot-controlled submarines,” McKay said.

Continue reading Oil Spill Grows, With Little Success Stopping Flow

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