July, 2005

This is a repeating event

200510JulAll DayThunderhorse Damage 2005BP Thunderhorse (US-GM)Industry:OffshoreLanguage:ENLoC:Natural event Origin: Marsh Incident:COLLAPSEHazards:FlammableImpact:COST (On Site)Effects:FinancialMaterial:Crude Oil

Summary

Hurricane Dennis passed through the area where the platform was located, causing it to partially sink. A seawater valve in a ballast tank had been wrongly installed, resulting in excess water in the tanks. The platform had already been evacuated and there was no leakage of oil, fuel, or other hazardous substances. The loss resulted in the project commencing production three years behind schedule. The company retrieved and rebuilt all the seabed production equipment after a series of tests revealed metallurgical failure in components of the field subsea systems.

[ Property Damage $250 Million. Estimated Current Value $350 Million ]


Image credit: US Coast Guard

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