Jack-up rig Prospector 5 sinks off Gabon, five people still missing
The Prospector 5 rig sank on BW Energy's Dussafu licence in Gabon, with five of 115 people on board still missing, according to TradingView.
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what happened
BW Energy reported that an accident took place on the Dussafu Marine permit offshore Gabon on Saturday, 24 October 2026, at 20:37 local time. The jack-up rig Prospector 5, which belongs to and is run by Borr Drilling, lost stability while raising its legs ahead of a planned drilling program and then sank. Of the 115 people aboard, 110 are accounted for, while five are still missing. Search and rescue efforts are underway together with Borr Drilling and local authorities. Output at the MaBoMo facility has been halted as standard procedure during drilling preparations, and the company said it has seen no damage to the facility and no discharge of harmful substances into the sea.
why it matters
Two points matter for markets: the halt at MaBoMo, which is noticeable for a company producing around 30 kbopd in 2025, and possible delays to drilling work offshore Gabon. BW Energy targets output above 100 kbopd by 2028, so the timing of its new projects may draw investor attention.
market impact
BW Energy: the MaBoMo production halt cuts the company's near-term output; Borr Drilling faces pressure from the lost rig
tags
instruments
sources
- BW Energy: Drilling rig incident on the Dussafu licence — TradingView, 25 October 2026 at 06:24 UTC
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