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Liftboat destroyed in fire

The "Mako" which was torched on Jan 16, 2012, when an inferno engulfed an adjacent Chevron-connected rig off Nigeria has most likely been completely destroyed. All 27 crew onboard the liftboat were rescued after it was set alight by the blaze on the jack up rig "KS Endeavor" in the early morning which has left two rig crew members missing. The "Mako" was providing excess storage services to the rig which is part-owned by an offshoot of Singapore-listed KS Energy and is operating on Chevron’s Funiwa field in Block 86 about 250 kilometres off Port Harcourt. The fire originally broke out on the rig but quickly spread to the adjacent vessel which meant all the boat crew had to be rescued and taken to a local clinic for treatment. No major injuries have been reported” to the 27 liftboat crew. Visual indication from company employees at the site indicated that the vessel sustained significant damage. The vessel has an insured value of $8 million subject to a deductible of $1 million, although this will not apply in the case of a total constructive loss. It is not known if the vessel or the rig have sunk. All but two workers on the rig were evacuated and treated on a nearby platform. They were taken ashore in the evening. Chevron has the "KS Endeavor" on charter for a firm two-year period which started in January 2011. Production from Chevron's North Apoi platform was shut in due to its proximity to the fire.