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

CNOOC Names New CEO

IEA Weighs Further Oil Stock Releases as War on Iran Continues

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni: New Gas Discoveries in Libya

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

Governments Move to Shield Economies as Oil Jumps 25%

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Current News

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

IEA Weighs Further Oil Stock Releases as War on Iran Continues

ADNOC Gas Adjusts LNG Output Amid Hormuz Disruptions

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

US to Deploy Amphibious Assault Ship, Marines to Middle East

Indian Gas Tankers Prepare to Sail Through Strait of Hormuz

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

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