Posted on 01/17/2012 4:29:02 PM PST by Pan_Yan
A rig drilling for Chevron Corp.'s (CVX) Nigerian subsidiary continued to burn Tuesday, while a search for two missing contractors continued.
Initial indications suggest a surface equipment failure on the rig might have caused workers to lose control of the well, Chevron said, though its full investigation continues. The K.S. Endeavor rig, which was drilling an exploratory well for natural gas, is run by FODE Drilling Nigeria Ltd.
...
Chevron has meanwhile contracted a Transocean Ltd. (RIG, RIGN.VX) rig to start drilling a relief well and has stopped production at its nearby North Apoi platform, which produces about 2,000 barrels a day, as a precaution.
(Excerpt) Read more at online.wsj.com ...
Oh Boy. Hope they find the missing men safe.
Ooh, time to go to Oil Drum and pick through all the conspiracy theories and find the few guys who will know what’s going on.
Excuse me, but wasn’t oil production suppose to end this past weekend?
All the Nigerian oil workers were suppose to walk out.
did they decide to just burn or sabotage the wells instead?
The government backed off and continued partial gas price subsidies. Prices still doubled, but they didn’t go up to market rates.
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