Less than 10 percent of US Gulf oil production shut in

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NEW ORLEANS — The U.S. Minerals Management Service (MMS) has issued its final report on shut-in production in the U.S. Gulf of Mexico following Hurricanes Ike and Gustav in 2008. From operator’s reports, MMS estimates that 9.2 percent of oil production and 12. 8 percent of natural gas production in the U.S. Gulf is shut in.

The amounts shut in come to 119,742 b/d of oil and 945 MMcf/d of natural gas. Production from the U.S. Gulf of Mexico before the hurricanes was around 1.3 million b/d of oil and between 7.0 to 7.4 Bcf/d of natural gas.

The majority of the remaining oil production shut-in is expected to be restored by late March 2009 while natural gas production shut-in is expected to be fully restored by late May 2009. These expectations are based on repair time frames for both production facilities and pipelines which transport the production to shore. Repair time could be affected by weather conditions and availability of materials.

 

www.energycurrent.com

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