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Gabon Navy Recovers Three Bodies From Sunken Prospector 5

By Drooid · Oct 29, 2026 · How we work

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Summary

The Gabonese Navy announced that three bodies were recovered from the sunken Prospector 5 rig.
The Prospector 5 rig sank on Saturday near Mayumba in Gabon's Nyanga province.
Borr Drilling reported rescuing 110 of the 115 people aboard, with five still missing.
An Indian national among the missing was found dead.
President Brice Oligui Nguema ordered all state means for the rescue effort.

Summary

Borr Drilling’s shares fell 8% after the Prospector 5 sinking.
An insurance payout could be vital, echoing Velesto Energy’s $125.6 million Naga 7 claim.
Borr’s net debt fell to 3.6 times EBITDA in fiscal 2025, from 10.2 times in 2022.
Divers may seal fuel vents and pump diesel to prevent future marine leaks.
Analysts say 2027 earnings will be trimmed because the loss removes a booked rig through mid-2027.

History

On 20 April 2010 the Deepwater Horizon, a Transocean-owned rig drilling for BP, exploded, killing 11 workers and spilling about 4.9 million barrels of oil—the largest U.S. marine spill. The disaster triggered multiple federal investigations and new safety rules for offshore drilling. Those reforms frame the response to the recent Prospector 5 sinking off Mayumba.

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On 20 April 2010 the Deepwater Horizon, a Transocean-owned rig drilling for BP, exploded, killing 11 workers and spilling about 4.9 million barrels of oil—the largest U.S. marine spill. The disaster triggered multiple federal investigations and new safety rules for offshore drilling. Those reforms frame the response to the recent Prospector 5 sinking off Mayumba.

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