Start pouring millions of tons of sand. Might have an affect after a month or two.
Of course, the oil would probably start leaking through the sand/rubble after a few days.
This could be trivially solved by applying nuclear explosives to weld everything shut, with the added benefit that local fishermen could stop to worry whether they'll have a job again soon. </sarcasm>
At least if they use the nuke method no one will care about the oil spill anymore whether it works or not.