New Orleans underwater pipeline break

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Just heard on ABC Radio about a 8 Ton anchor off a tanker landed on a pipeline off of New Orleans.Broke It. Anyone heard further. Safe Times Jim

-- Turnpike Jim (sonarii@prodigy.net), January 22, 2000

Answers

http://biz.yahoo.com/prnews/000121/tx_transoc_1.html

SOURCE: Transocean Sedco Forex Inc.

Transocean Sedco Forex Reports Gulf of Mexico Incident Near Ship Shoal 332

HOUSTON, Jan. 21 /PRNewswire/ -- Transocean Sedco Forex Inc. (NYSE: RIG - news) said today that its second-generation semisubmersible drilling rig, Transocean 96, experienced an apparent anchor winch failure while under tow this morning, and an anchor dropped and damaged the Poseidon Pipeline in Ship Shoal Block 332 in the U.S. Gulf of Mexico. No injuries resulted from the incident. Oil was observed on the surface at approximately 10 a.m. at the site, which is located about 75 miles south of Houma, Louisiana. All appropriate governmental agencies have been notified and Transocean Sedco Forex has been informed that the pipeline has been shut in by Equilon Pipeline Company, which operates the pipeline.

Transocean Sedco Forex is working with Equilon's emergency response team and with all appropriate governmental agencies with respect to remediation efforts, which are already under way.

Transocean Sedco Forex is continuing to investigate the incident, but expects that insurance will substantially cover any potential liability associated with this matter.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, statements regarding potential liability resulting from this incident are forward-looking statements that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor. The company's 74-rig fleet is located throughout the world's major oil and gas drilling regions, including the U.S. Gulf of Mexico, Canada, Brazil, United Kingdom, Norway, Africa, Middle East and Asia. Transocean Sedco Forex Inc. specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services. The company is listed on the New York Stock Exchange under the symbol ``RIG''.

SOURCE: Transocean Sedco Forex Inc.

-- Helium (HeliumAvid@yahoo.com), January 22, 2000.


Thanks Helium!!

Here is an example of what is occasionally good about this forum. Fast factual confirmation of a reported incident. Not Y2K? Who cares, this site is rarely about Y2K anymore.

-- Look (at@the.facts), January 22, 2000.


Yes, and if we remember that everything IS interconnected, IS interdependent...well, what part of the circle does one wish to start with?

The key lessons learned from Y2K was the need for information, the cooperation, the checking, the assessing...in a word: Paying Attention to how things are inter-dependent, and how they affect other systems. Like, "How could our computers affect our infrastructure systems?". So I think this forum is great and should trust the natural intelligence of all it's members, and it all DOES relate, if one stands back far enough and sees the connections.

It's a self-balancing process and what *is* important (like cream) *will* come to the top.

And then, looking back, everyone will understand and say, "Oh, THAT's why...!"

Make sense?

-- Steve (SMeyers33@aol.com), January 22, 2000.


If I were paranoid I would wonder about what were the chances an anchor would land on a pipeline in that big ole pond. And if I were paranoid I would wonder if a valve or a pump or?y?2?k? caused the pipe to rupture ....if I were paranoid.

-- citizen (lost@sea.com), January 22, 2000.

"Transocean Sedco Forex is continuing to investigate the incident, but expects that insurance will substantially cover any potential liability associated with this matter." Insurance claims investigation really will be where the rubber meets the road. Not saying that I don't believe an anchor gave way, but there are an aweful lot of coincidences this month. I mean it's a big Gulf, and an anchor just happens to find a pipeline as it drops through the water to the bottom? Ho fast would it travel through the water? REALLY fast enough to rupture a pipeline? Or are they assuming that's what happened at this point? Any divers go down to view it yet? Did they not even know about it until oil started appearing at the surface? How long would that take anyway? Does it float to the surface immediately, or kind of "waft" with currents?

-- Duke1983 (Duke1983@aol.com), January 22, 2000.


Try again with breaks. Normally, a double return works for me.... "Transocean Sedco Forex is continuing to investigate the incident, but expects that insurance will substantially cover any potential liability associated with this matter."

Insurance claims investigation really will be where the rubber meets the road. Not saying that I don't believe an anchor gave way, but there are an aweful lot of coincidences this month.

I mean it's a big Gulf, and an anchor just happens to find a pipeline as it drops through the water to the bottom? How fast would it travel through the water? Would it REALLY be fast enough to rupture a pipeline?

Or are they assuming that's what happened at this point? Any divers go down to view it yet?

Did they not even know about it until oil started appearing at the surface? How long would that take anyway? Does it float to the surface immediately, or kind of "waft" with currents?

-- Duke1983 (Duke1983@aol.com), January 22, 2000.


After what happened in Brazil a couple of days ago, if you trust anything a coproration has to say about an oil pipeline leak in the ocean, I've got a great bridge I'd like to sell you...

-- Carl Jenkins (Somewherepress@aol.com), January 23, 2000.

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