The rig, called the Deepwater Horizon, is on fire and listing at 70 degrees. Coast Guard Senior Chief Petty Officer Mike O'Berry told reporters from MSNBC.com that the rig "is burning pretty good and there's no estimate on when the fire will be put out." He explained that many of the workers who were fortunate enough to have escaped were being brought to dry land on a workboat. Authorities are searching for any signs of lifeboats and missing workers.
"We're hoping everyone's in the life raft," O'Berry told MSNBC.
The rig, under contract to BP PLC from Transocean Ltd. of Houston, was reportedly drilling but not in production. The six BP employees on the rig were safely evacuated.
The cause of the explosion is not yet known. All efforts are currently focused on search and rescue. O'Berry said that environmental assessment teams from the Coast Guard are on standby in Morgan City, LA, and will begin to assess the environmental damage once the fire is out.