Shell Oil Lowers Oil Production in Gulf of Mexico By 420,000 Barrels/ D Owing to Hurricane Katrina
Posted on: Monday, 5 September 2005, 06:00 CDT
Shell Oil, oil concern, lowered its oil production in the Gulf of Mexico by 420,000 barrels/d owing to hurricane Katrina in the last decade of Aug 2005. The company evacuated all of the 1,019 employees of its facilities in the region
. According to the data of US oil concerns of 27 Aug 2005, hurricane Katrina lowered the total oil production in the Gulf of Mexico by more than one third. The Gulf of Mexico yields roughly 25% of the domestic oil and gas production. The region produces some 1.5 mil barrels/d of oil and 350 mil cu mt/ d of natural gas. On the Saturday of 27 Aug 2005, mining facilities with a production capacity of 563,000 barrels/d were stopped there.Source: Access Czech Republic Business Bulletin
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