Nabors also had five Jackup rigs in Sabine Pass with at least two sustaining damage; a cursory inspection of the other rigs indicates little to no damage. The Dolphin 111 had windows in the pilot house and quarters blown out, resulting in water damage to control systems and the quarters. The mast on Jackup rig 54 was blown over but the Company has a substitute mast available and should be able to return the rig to service in a few weeks as well. There is a possibility that some damage was been incurred to components of other rigs stored at a yard proximate to the Port of New Iberia that incurred flooding, but our nearby offices are dry and still functioning.
Nabors land operations had nearly forty rigs proximate the storm's path and has determined that all but one are without any significant damage. The remaining rig, Rig 409 located in Jefferson County Texas, remains inaccessible. However, prior to the storm Nabors had removed all of the engines, mud pumps and electrical distribution equipment from the site and lowered the mast. Although the full extent of any economic loss net of insurance still is not known, Nabors does not expect it to have any material adverse effect on its operating results or financial position.
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