Transocean has released an update regarding a fire and explosion onboard its semi-submersible drilling rig 'Deepwater Horizon', saying that the rig sank late on April 22.
The combined response team was not able to stem the flow of hydrocarbons prior to the rig sinking.
"We are working closely with BP Exploration & Production and the US Coast Guard to determine the impact from the sinking of the rig and the plans going forward," said a company statement. " The US. Coast Guard has plans in place to mitigate any environmental impact from this situation."
The incident occurred on April 20 in the US Gulf of Mexico. The rig was located approximately 35 nautical miles offshore Louisiana on Mississippi Canyon block 252.
The cause of the fire and explosion is unknown at this time. An investigation into the cause of the incident and assessment of the damage will be ongoing in the days or weeks to come.
{WISroYQ symbol='RIG'}