I've heard that pressure at the well head is around 60,000PSI.
That's 15,000 feet away from the methane/oil deposit targeted by the well.
It very well could be over 100k PSI and is rupturing/venting the remaining 40kPSI through cracks in the well's pipe under the seabed.
Those two relief wells that will intersect with the damaged well could be shattered, also, if they breach into a 100kPSI environment. You'd then have 3 vents at about 20-30kPSI each + leakage from ruptures, and as you tried to plug one of them, you just increase output pressure at the others.
Of course, even if you can't shut it down ever, you can at least harvest from a 25kPSI environment. Right now, we're barely getting a third of the 60kPSI environment's output.
I don't think the seabed is going to suddenly lift up and get all asplodey from this, though. We'll end up releasing the pressure from this.
Think of it this way: Would you rather have an exploded oil rig and a bad oil spill.. but at least you lanced and bled off a major subterranean kabloomie over about 50 years... or would you rather never have experienced this problem and then a meteorite the size of a house slams into the Gulf sea bed and makes the Methane chlorate go all kabloomie all at once? Or some other "natural" tectonic event causes it to go 'splode?