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1. New Containment Cap -- The third such containment cap to be installed on the busted blowout preventer since BP attempted its Lower Marine Riser Package (LMRP) system at the beginning of June, the new device is said to fit tighter over the sheared pipe, allowing less oil to escape. There's a big caveat though, as first the old (second) cap will have to be removed, which will temporarily allow the full force of the oil flow back into the Gulf for at least three days. The Gulf response team has a plan for compensating for that (see below), and once the cap is in place, it should "function as a valve that can help shut in the runaway well," reports Oil & Gas Journal.