Oil and Gas Production in Gulf of Mexico Up to 20 Percent of Normal
Posted on: Monday, 10 October 2005, 03:01 CDT
By Anonymous
More than 80 percent of oil production and two-thirds of natural gas production remains offline more than a week after Hurricane Rita roared through the Gulf of Mexico.
More than 1.2 million barrels of daily oil production remain shut in, approximately 80 percent of the normal 1.5 million barrel per day production. More than 6.6 billion cubic feet of daily natural gas production remains shut in, about 66 percent of the normal 10 billion cubic feet of daily natural gas production in the Gulf.
Since Aug 26, when production companies began evacuating drilling platforms in anticipation of Hurricane Katrina, 49 million barrels of oil or 9 percent of the Gulf's annual production have been shut in. About 240 billion cubic feet of natural gas production, or about 7 percent of annual production, have been shut in because of the storms.
According to the Minerals Management Service, 289 of 819 drilling platforms and six out of 134 drilling rigs remain evacuated because of damage from the storms.
(Copyright 2005 Dolan Media Newswires)
Source: New Orleans CityBusiness
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