Thursday, September 2, 2010

Mariner Energy (NYSE:ME) Explosion Produces Oil Sheen

Contrary to original reports, the Coast Guard now says there is an oil sheen in the area of the explosion of the oil rig "Vermilion 398," owned by Mariner Energy (NYSE:ME).

According to Coast Guard Petty Officer Bill Coklough, the sheen was first discovered by Mariner Energy Inc. near the oil platform.

It's reportedly about 100 feet wide and a mile long.

No one was injured from the explosion, where 13 people were working on the rig, although one was injured and sent to the hospital.

The worker followed proper safety procedures and were found in the water floating in their provided survival gear.

A fire has broken out on the platform, and three firefighting vessels have been sent to the sight, with one already reaching the oil rig and fighting the fire.

This wasn't a producing oil rig, so it's unclear as to how much threat there is from the oil.

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