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Guimaras oil retrieval to cost at least $6M

February 24, 2007

Abigail L. Ho
Inquirer, Feb. 22, 2007

MANILA, Philippines – Oil retrieval operations on the Sunken Solar 1 oil tanker will start by March 14, at an estimated cost of between $6 million and $12 million.

Sonsub, an Italian-based deepwater operations company, has been commissioned by the Protection and Indemnity Club (P&I) to retrieve any remaining oil from the tanker, which sank off the coast of Guimaras island in August 2006.

The cost will be shouldered entirely by P&I, the marine insurance company of Solar 1’s owner, Sunshine Maritime.

The Solar 1 is lying at a depth of 640 meters, out of reach of local divers.

(More at Inquirer)

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