OIL rig possibly Lost In GOMEX!

[Comanche]

Hundred dollar oil while a quick "spike" could occur isn't likely at this point without taking out a large chunk of currently producing infrastructure. For no other reason than the current state of the global economy couldn't handle $100 oil and would see massive demand destruction to tilt everything back into an oversupplied bear market. The writings of simmons and the like have merit down the road as peak oil in my opinion is a truth, but the current global economy needs to work out of some of the imbalances first and evolve into a position to handle prices at that level. Oil prices are carrying a hefty premium due to over speculation by institutions and hedge funds that have never played these markets to this extent. The US crude inventories are near 6 yr highs and the SPR is about 4 million barrels shy of being full (700 million barrels). Blame the alternative investment class on running your energy costs through the roof and stay tuned for the next storm as that is the best catalyst for another 10% (or better) spike.

[rtd2]

Late (unoffical) reports on local news appears that things are not looking too good at the moment.
Apparently only the upper-most deck is above water.



There is also some UNoffical talk to suspect Hardware or software failure on equipment Controlling Ballast pumps instead on weather problems from Dennis ..?

[Cape Verde]

It definitely wasn't Dennis. This location was nowhere near the storm path. It barely got any weather at all.<P>There was an equipment failure during the evacuation preparations for Dennis, but that's the only relationship to the storm that there is.

[Stratosphere747]

They already have a crew on board now, and hopefully things should be ok...

Sounds like it was probably a manual problem and nothing to do with Dennis...

[rtd2]

Different story Here!....Also Different strom..IVAN!
http://www.ocsbbs.com/Featured_Photo/Hu ... Damage.jpg

[Pebbles]

This post really has our attention here. That's a HUGE structure to be sitting at that type of angle. Updates are much appriciated.

[rtd2]

you can go to wwl-tv.com and they have up to the minute reports

[Stratosphere747]

This post really has our attention here. That's a HUGE structure to be sitting at that type of angle. Updates are much appriciated.

Pebbles,

Most likely it was human error, and if so it should be fixable.

It is interesting that the mention of the crane falling off the upper deck, which could make this a structural problem.

With a crew on board though makes it a bit more positive.

[GalvestonDuck]

This topic has been split. Been refer to http://www.storm2k.org/phpbb2/viewtopic.php?t=67856 for further oil market discussion.

[rtd2]

Official Bp Press Release - Recovery is Underway

http://www.bp.com/genericarticle.do...ntentId=7007290

Release date: 13 July 2005

Crews placed aboard the BP operated Thunder Horse platform in the Gulf of Mexico have restored partial power to the platform, and are working to begin pumping operations to restore the platform to a normal marine configuration.

The crews have also retrieved the platform’s data recorders, which will be used to determine the cause of the stability imbalance that saw the platform list to port at an estimated 20 degrees.

The crews boarded the BP operated facility yesterday following safety evaluations that included reviews by BP staff and the US Coast Guard’s Federal On-Scene Commander, and an underwater inspection of the facility by remotely operated vehicles (ROVs). The ROV inspection showed no evidence of damage to the platform’s hull.

BP’s response team is working with staff from the US Coast Guard to return Thunder Horse to normal status. In addition to four BP contracted response vessels, the Coast Guard has made available the Cutter Pelican, and is additionally supporting the operation with a Dauphin helicopter.

Thunder Horse is located in Mississippi Canyon block 778 in the Gulf of Mexico, approximately 150 miles southeast of New Orleans.

[x-y-no]

Sounds like they're getting it under control, thank God.

Jan

[CajunMama]

I just had a customer in my shop who is scheduled to work on this platform...he told me there is 3 acres of deck space...and this isn't even the largest platform...bp has another one that is 4 acres of deck space! Those are some huge puppies!

[USCG_Hurricane_Watcher]

Links from 8th Coast Guard District and current press releases...

http://www.d8publicaffairs.com/external/index.cfm?cid=425

http://www.d8publicaffairs.com/external/index.cfm?cid=425&fuseaction=EXTERNAL.docview&documentID=78862

[Pebbles]

This post really has our attention here. That's a HUGE structure to be sitting at that type of angle. Updates are much appriciated.

Pebbles,

Most likely it was human error, and if so it should be fixable.

It is interesting that the mention of the crane falling off the upper deck, which could make this a structural problem.

With a crew on board though makes it a bit more positive.

Yes, even if everything turns out ok will be most interested in knowing how they corrected this problem. We have watched a couple specials on TV on how they build these things. The really are amazing structures. Never know... they may have a special specifically on this situation some day in the future.

[Pebbles]

Edit: double post

[Cape Verde]

They're going to use onboard pumping capabilities along with some auxiliary units they've brought to the scene.<P>In simple terms, they're going to blow a bunch of air into the flooded pontoons and get this sucker level again.

[Pebbles]

They're going to use onboard pumping capabilities along with some auxiliary units they've brought to the scene.<P>In simple terms, they're going to blow a bunch of air into the flooded pontoons and get this sucker level again.

Yes but they have to do it slow I imagine. The structure has to be under an immense amount of stress at that angle. Wonder how long it will take to stabilize. Sure they are also keeping a close eye on Emily...

[otowntiger]

http://www.bpissuenews.com/external/index.cfm?cid=988


I've seen that rig ..its Ginormous!

You got that right! I've never seen one that big. Now I know why Dennis weakened prior to landfall. He had to go over that thing! It's about the size of Jamaica!

[CaptinCrunch]

http://www.bpissuenews.com/external/index.cfm?cid=988


I've seen that rig ..its Ginormous!

You got that right! I've never seen one that big. Now I know why Dennis weakened prior to landfall. He had to go over that thing! It's about the size of Jamaica!

Dennis pasted some 80 to 100 miles to the East of Thunder Horse, it played NO part in the listin, it was some sort of software issue due to a power outage.

[otowntiger]

http://www.bpissuenews.com/external/index.cfm?cid=988


I've seen that rig ..its Ginormous!

You got that right! I've never seen one that big. Now I know why Dennis weakened prior to landfall. He had to go over that thing! It's about the size of Jamaica!

Dennis pasted some 80 to 100 miles to the East of Thunder Horse, it played NO part in the listin, it was some sort of software issue due to a power outage.

Just trying to be funny. Dont mess it up with the facts!