Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

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Athabasca Oil Corp > Super tanker was abandoned for 8 years.

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Post by Duster340 on Mar 10, 2023 11:58am

Super tanker was abandoned for 8 years.

U.N. will be pumping it out in may. 1.1 M barrels of oil to be added to the glut.

The derelict oil tanker FSO Safer, moored some five miles (6 kilometers) off the Yemeni coast in the Red Sea and used as an oil storage facility, is a floating environmental catastrophe waiting to happen.

The vessel, which could break apart or explode at any moment, holds 1.1 million barrels of crude oil.

That's equivalent to 48 million gallons (218 million liters) of oil or four times the amount that was spilled in the Exxon Valdez oil disaster near Alaska in 1989.

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