US GoM Oil Production Off 32% from Storm

Friday, October 12, 2018

U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies.

The reductions continued as oil and gas companies moved more workers back to production platforms that were evacuated earlier in the week. As of Friday morning, nine platforms were still unoccupied, BSEE said in a daily update, down from 89 platforms on Wednesday.

It can take several days after a storm passes to inspect platforms, return crews and restore production after a shut-in.

Anadarko Petroleum Corp said on Friday it had finished inspecting its platforms and "anticipated restarting production as soon as third-party infrastructure allows." It had shut-in its Horn Mountain, Marco Polo and Marlin platforms as a safety measure.

BHP Billiton, BP Plc, Chevron Corp, Equinor and Exxon Mobil Corp earlier reported their had returned crews and were in the process of restarting offshore facilities.

The cuts represent 550,313 barrels per day of oil production and 334 million cubic feet per day of natural gas output, BSEE said. In all, Gulf producers have lost about 2.94 million barrels of oil production this week.

The reductions stem from well shut-ins made in advance of the Category 4 hurricane, which drove through the Gulf of Mexico this week, producing rough seas and winds of up to 155 miles per hour (250 kph).


(Reporting by Gary McWilliams; Editing by Steve Orlofsky)

Categories: North America Oil Offshore Energy Activity Energy

Related Stories

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

PTTEP, Eni Launch Joint Venture for ADNOC-Operated Ghasha Offshore Project

Masirah Oil Starts Yumna Offshore Drilling Ops After Months of Delays

Finder Energy Selects Eneos’ Rig for Drilling Job off Timor-Leste

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Fugro Adds More Survey Work off Timor-Leste

Santos Expands LNG Portfolio with Asia, Canada Deals

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

Current News

CNOOC Starts Up Nine Oil and Gas Projects as Production Hits Record

Woodside Exit Sends East Timor Searching for Greater Sunrise Partner

QatarEnergy Signs Supply Deal for LNG from Woodside's Louisiana Project

Strohm Nets Ultra-Deepwater Supply Deal for Southeast Asia’s Gas Scheme

Damaged Tanker Leaks Oil Across UAE Waters as Spill Widens

Energy Drilling Lands $87M Drilling Job Offshore Malaysia

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

Seatrium Inks $390M Deal to Complete Four Offshore Rigs for Keppel’s Rigco

Indonesia Cuts Singapore Pipeline Gas Flows by 9% to Meet Domestic Demand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com