Fatal fire on Abkatun Permanente rig could cost Pemex $780m

Mexico City: Mexico’s state oil company Pemex could suffer losses as high as $780m relating to the explosion and fatal fire on one of its Gulf of Mexico rigs on April 1, it was revealed on Tuesday.

The blaze on the Abkatun Permanente oil-processing platform offshore from the states of Campeche and Tabasco claimed four lives (confirmed), left three workers missing and 16 injured. Around 300 workers had to be evacuated.

Pemex has informed its insurers that losses from the accident will probably total between $670 million and $780 million, a source said.

With the total insured value of the six-rig Abkatun Pol Chuc complex (of which the Abkatun Permanente platform is a part) at $1.3 billion, that means a possible 60% dent in the value of the complex.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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