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<Coast Guard photograph shows Thunderhorse listing after hurricane

USCG photograph taken prior to start of recovery operations shows Thunderhorse platform listing isome 20-30 degrees

July 12, 2005

T &T Bisso starts Thunderhorse salvage operations

T&T BISSO has been mobilized to the disabled BP THUNDERHORSE semi-submersible Mississippi Canyon Block 778 in the deepwater Gulf of Mexico, 150 miles southeast of New Orleans, to begin the salvage operations.

The semi-submersible platform, was found to be listing following the passing of Hurricane Dennis. Early reports put the list at an estimated 20 - 30 degrees. The Thunder Horse field is in development and has not yet begun production of hydrocarbons.

The situation was discovered at approximately 8:30 a.m. Monday morning by a vessel in the area. The cause is unknown. The Thunder Horse platform had been evacuated of all personnel in anticipation of the hurricane's approach. At this time there has been no known release of any fuel or hazardous substances.

BP immediately activated its Incident Command structure, notified the appropriate regulatory agencies including the U.S. Minerals Management Service (MMS) and the U.S. Coast Guard, and conducted over flights to further assess the extent of the damage.

T&T BISSO says it responded rapidly and was on location within four hours after the first call for assistance. Currently the dewatering operation is underway. T&T BISSO is an alliance between T&T MARINE SALVAGE of Galveston, TX, and BISSO MARINE CO. of New Orleans, LA.

The alliance was formed to offer the maritime and oilfield industries a full service salvage and firefighting option located locally in the Gulf of Mexico, T&T BISSO together possess 165 years of industry experience. T&T BISSO also offers OPA 90 coverage worldwide.

An update issued today by BP, the U.S. Coast Guard and U.S. Department of Minerals Management said pumping, which began Tuesday, July 13 at approximately 4 p.m. (CST) and continued overnight, was continuing.

The statement said that the platform remains stable and that the response team was preparing to cover ballast inlets and instrumentation ports on the hull.

The statement said that, to date, there have been no reports of environmental impacts in the area.

The Coast Guard cutter Pelican remains on scene to provide any needed search and rescue support and to enforce a one-mile safety zone around the recovery operations.

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