MOGADISHU, Somalia — Five of the Somali pirates who released a hijacked oil-laden Saudi supertanker drowned with their share of a reported $3 million ransom after their small boat capsized, a pirate and port town resident said Saturday.

Pirate Daud Nure says the boat with eight people on board overturned in a storm after dozens of pirates left the Sirius Star following a two-month standoff in the Gulf of Aden that ended Friday.

He said five people died and three people reached shore after swimming for several hours. Daud Nure was not part of the pirate operation but knew those involved.

Jamal Abdulle, a resident of the Somali coastal town of Haradhere, close to where the ship had been anchored, also confirmed the boat sank and that the eight's portion of the ransom money that had been shared among dozens of pirates was lost.

Saudi Arabian oil minister Ali Naimi said Saturday that the crew of the Sirius Star was safe and that the tanker had left Somali territorial waters and was on its way home.