Published: Aug 06, 2010 7:25 PM EDT
Updated: Aug 06, 2010 4:25 PM EDT

GULF OF MEXICO - BP PLC said Friday it might someday drill again into the same lucrative undersea pocket of oil that spilled millions of gallons of crude, wrecked livelihoods and fouled beaches along the Gulf of Mexico.

"There's lots of oil and gas here," Chief Operating Officer Doug Suttles said at a news briefing. "We're going to have to think about what to do with that at some point."

The vast oil reservoir beneath the blown well is still believed to hold nearly $4 billion worth of crude. With the company and its partners facing tens of billions of dollars in liabilities, the incentive to exploit the wells and the reservoir could grow.

Retired Coast Guard Adm. Thad Allen, the government's point man on the spill, said he had no information on BP's future plans.

 "I would assume that's a policy issue related to the management of the lease," he told reporters. "Frankly, it hasn't been raised to my level at this point. I'm not sure I can comment on it."