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VENICE Louisiana (Reuters) - BP Plc overcame a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick crept near Florida.

The company's latest plan is to cut away the leaking riser pipe protruding from the ruptured wellhead on the sea floor, then lower a containment cap onto the remaining apparatus to trap much of the escaping oil and funnel it to the surface.

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