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The US Coast Guard office in Louisiana has confirmed that Transocean's semisubmersible, Deepwater Horizon, has sunk in approximately 5,000 feet of water off the coast of Louisiana at approximately 10:30 a.m, (CST) this morning. Additional explosions occurred this morning causing the rig to settle below the surface. At this time it is unclear what the condition of the rig is. ROVs have been deployed to survey the situation.
According to RigLogix, the Deepwater Horizon, an RBS-8D-designed dynamically-positioned semisub, is rated to work in water depths up to 10,000' and with a rated drilling depth capacity of 30,000'. The rig is under long-term contract to BP through September 2013 and its current dayrate is $502,000. The Deepwater Horizon was built in Ulsan, South Korea by Hyundai Heavy Industries at a cost of approximately $365 million and entered service in 2001. |
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