Oil and Gas Production in the Gulf of Mexico Improves Slightly
Posted on: Monday, 10 October 2005, 03:01 CDT
By Anonymous
Oil and gas production in the Gulf of Mexico improved slightly over the weekend, although the vast majority of production remains offline as a result of hurricanes Katrina and Rita.
About 1.4 million barrels of daily Gulf oil production remains shut in due to the storms, or about 93 percent of the normal 1.5 million barrels of oil produced in the Gulf each day. That's an improvement over the 98 percent of production shut in last Friday.
Shut-in gas production is 7.5 billion cubic feet per day, or about 75 percent of normal production, and down from 79.4 percent shut in production last Friday. Under normal circumstances, about 10 billion cubic feet of natural gas is produced in the Gulf each day.
At least 399 of the 819 manned drilling platforms and 24 of the 134 rigs operating in the Gulf remain evacuated.
(Copyright 2005 Dolan Media Newswires)
Source: New Orleans CityBusiness
Related Articles
- ICE Futures Sets New Gas Oil Futures Record
- ICE Futures Announces Revisions to Gas Oil Futures Contract Specifications
- Black Gold Gas & Oil to Acquire Four Oil & Gas Properties In Midwest
- Black Gold Gas & Oil Acknowledges Unusual Trading Activity, States No Specific Explanation
- Roundup: Death Toll of NE China Coal Mine Blast Rises to 169, Mineswith Hidden Danger in Production to Be Shut Down
- Nearly Two-Thirds of Gulf of Mexico Natural Gas Production Back Online
- Black Gold Gas & Oil Acquires Foster Oil & Gas Project
- Tunisia Opens 82 Percent Territory to Foreign Oil Companies
- Japan Shipping Gas Oil to China
- BP's Oil and Gas Production Up 3.5 Percent
 |
 |
User Comments (0)
RSS Feeds