Abstract: A system for containing oil or other contaminants which have leaked from an oil tanker or similar structure is disclosed. A protective housing surrounds the structure. A plurality of covers are each pivotably mounted at its upper edge to a lower outer edge of the housing to depend therefrom. Each cover is retained in a closed position with a lower edge of the cover adjacent the side of the structure to form a storage cavity defined by the cover, the housing, and a portion of the side of the structure. A series of interconnected collapsible float assemblies is contained within the storage cavity. In case of an oil leak, a triggering mechanism located within the housing sequentially releases the covers from the closed position and the float assemblies fall away into the water. In this manner a continuous curtain may be provided to surround the structure to prevent passage of all or most of the leaking contaminant.