In a statement the firm said, “The rig is currently stable and, following inspection on-site, the rig will be removed from the location and is expected to be towed to a shipyard in Singapore for inspections and repairs.”
“While some damage to the derrick and legs has occurred, the extent of damage to the rig is not known at this time.
“All personnel have been evacuated from the rig with no injuries and there were no environmental consequences,” added the company.
According to Atwood, paying for repairs to the rig would not prove to be a problem.
“The Company has insurance to cover the cost of repairs to the rig in excess of a US$1 million deductible and has Loss of Hire Insurance coverage of US$70,000 per day for 180 days, which commences after a 30-day waiting period,” said the firm.
