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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America No crude oil leaking from Gulf well: US Coast Guard AFP - Saturday, April 24 Send IM Story Print The fire-engulfed oil rig Deepwater Horizon has sunk into the Gulf of Mexico, sparking fears of a major environmental disaster almost two days after a massive blast which left 11 workers missing. Duration: 01:19 NEW ORLEANS, Louisiana (AFP) - – No oil was leaking Friday from a sunken rig in the Gulf of Mexico, officials said, easing fears of an environmental disaster as hope faded of finding 11 missing workers alive. "It appears there is no oil coming out of the well at this time," Mike O'Berry, a US Coast Guard senior chief petty officer, told AFP after an inspection of the sunken offshore oil rig. "We're not out of the woods yet but that is some positive news." Coast Guard Rear Admiral Mary Landry meanwhile told CNN that a search was ongoing for 11 rig workers missing since the blast, but added that "briefings of the survivors lead us to believe (they) may have been on the rig when the explosion occurred." Earlier Friday Landry, commander of the Coast Guard's 8th District, told local media that "the probability of finding survivors had diminished to almost zero by Thursday afternoon." Related article: Louisiana ecosystem faces oil spill threat "We will go beyond that survivability period because it's always an estimate," she told The Times-Picayune newspaper. Officials said a one-mile by five-mile slick had already settled on the surface and officials were working to prevent the oil from hitting land in the Gulf states of Louisiana, Alabama and Mississippi. O'Berry told AFP that the disaster was being considered "a major oil spill." Experts have warned that any oil spilled from the huge Transocean Deepwater Horizon drilling rig that sank Thursday, 45 miles (70 kilometers) southeast of the mouth of the Mississippi River, could threaten Louisiana's fragile ecosystem that has already been stressed by hurricanes and coastal erosion. In Washington, President Barack Obama said in a statement that the federal response to the disastrous spill "was being treated as the number one priority." He added the White House was working to make sure "that the entire federal government was offering all assistance needed in the rescue effort as well as in mitigating and responding to the environmental impact." Before the explosion, officials said there were 700,000 gallons (2.6 million liters) of diesel fuel on board the semi-submersible platform and it had been drilling 8,000 barrels, or 336,000 gallons, of oil a day. British oil giant BP, which leased the platform, has dispatched a fleet of boats to try to keep environmental damage in check as US officials warned the spill had the potential to be the worst seen in the United States since the 1989 Exxon Valdez oil tanker spill, considered one of the worst-ever man-made environmental disasters. That spill poured nearly 11 million gallons of crude into Alaska's Prince William Sound, devastating some 750 miles (1,300 kilometers) of its once-pristine shores. In a statement, BP said part of its response team included vessels with a "skimming capacity of more than 171,000 barrels per day" and "supplies of more than 100,000 gallons of dispersants and four aircraft ready to spray dispersant to the spill." If oil leaks and the spill escapes containment efforts, Louisiana's sensitive coast would be at risk for ecological damage, with wild birds, breeding grounds for shrimp, and oyster beds threatened by the slick. O'Berry said US authorities were deploying several oil-skimming vessels to try to limit the pollution and the Coast Guard had sent a mini-submarine equipped with cameras to determine the oil flow into the ecologically fragile Gulf. Before the rig sank into the ocean, oil fires raged for more than a day and a half following a spectacular explosion late Tuesday that sent huge balls of flame leaping into the night sky. The now submerged oil rig measuring 396-by-256 feet (121-by-78 meters) is owned by Houston, Texas-based contractor Transocean, Ltd. and under contract to BP. Transocean vice president Adrian Rose said earlier that the rig likely suffered a blowout while drilling through rock at BP's Macondo prospect, although investigations into the exact cause of the accident are ongoing. Seventeen workers were airlifted to hospital on Wednesday after suffering broken bones, burns and smoke inhalation in the explosion on the mobile rig. Four remained in critical condition. Transocean is the world's largest offshore drilling contractor, with a fleet of 140 mobile offshore drilling units, in addition to three ultra-deepwater units under construction. 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