June 17th, 2010
08:58 AM ET

BP 'working around the clock,' but cannot guarantee outcome, CEO says

CNN Wire Staff

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/US/06/17/us.gulf.disaster/t1larg.jpg caption="BP CEO Tony Hayward is scheduled to testify before a House subcommittee Thursday." width=300 height=169]

Eight weeks after an explosion uncorked a massive oil spill into the Gulf, BP does not know whether its efforts to stanch the flow will soon succeed, its CEO plans to testify Thursday.

"We cannot guarantee the outcome of these operations, but we are working around the clock with the best experts from government and industry," Tony Hayward says in prepared testimony to be delivered before the House Committee on Energy and Commerce Subcommittee on Oversight and Investigations.

"The explosion and fire aboard the Deepwater Horizon and the resulting oil spill in the Gulf of Mexico never should have happened - and I am deeply sorry that they did," he says.

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Filed under: Gulf Oil Spill • T1
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