Production Rig News Today

afghan plans to attack libyan forces. libyas new leaders have given gadhafi loyalists to surrender on saturday or face more force. this is the third time mubarak is in court. he faces charges as well as his two sons faces charges on corruption. the storm swept across the country in japan with record rainfall causing land slides and flooding. 56 others are still unaccounted for. a shark killed a body border on the west coast on sunday. the beach has been closed since the attack in...

Carolina. and there is news that in the gulf of mexico, there is a oil platform on fire. 13 people have been rescued from the water, and of course, the immediate fear is another oil disaster. cnns tom forman is working this story for us. tom, what is going on right now, and what do we know? >> well, the most important thing we know, wolf, is that the fire is now out on this rig which is about 102 miles south of the coast of louisiana out here, and here is a picture of it erl y fler the day whe...

Hole theyve drilled and the drilling platform goes away. then a whole new platform, a whole different platform actually comes in, uncorks the hole and gets the oil out of the well. two different types of rigs. two different processes. theres drilling and then theres production. drilling done with a drilling rig, production done with a production rig. the production platform pumps the oil back to shore through all of the green pipe lines you see there on the map. those are the green lines. again,...

It was drilling for oil. there are two different things that happen on platforms in the gulf. you have a rig like the deepwater horizon that drills for oil. once its done drilling, they essentially put a cork in the hole for lack of a less descriptive phrase. they essentially stop up the hole theyve drilled and the drilling platform goes away. then a whole new platform, a whole different platform actually comes in, uncorks the hole and gets the oil out of the well. two different types of rigs. t...

Point. we dont know what caused the fire, whether there is a spill, conflicting reports on that. lets talk about what we do know. about 102 miles off the coast here, this is what it looked like when this explosion happened out there. this is a production rig. not an exploratory well, a drilling rig like we talked about with bp. thats important and ill explain why in just a minute, bus this involved producing oil from a series of wells beneath the surface. thats a much more closed environment, an...