Bloomberg News

Gulf Oil Production Capacity Is 72% Shut, U.S. Agency Says

September 02, 2012

Sept. 2 (Bloomberg) --About 72 percent of the Gulf of Mexico’s daily crude oil output is still shut because of Hurricane Isaac, the U.S. Bureau of Safety and Environmental Enforcement said.

The agency said the daily equivalent of about 986,698 barrels a day of oil production was offline, while about 56 percent of the Gulf’s daily natural gas output was shuttered as of 12:30 p.m. New York time, down from 65 percent yesterday.

About 22 percent of production platforms in the Gulf and 24 percent of drilling rigs were evacuated, the agency said in a report on its Web site, down from 37 percent and 25 percent yesterday.

“Once all standard checks have been completed, production from undamaged facilities will be brought back on line immediately,” BSEE said.

The Gulf accounts for 23 percent of U.S. oil output and 7 percent of natural gas production.

Yesterday, about 94 percent of the region’s daily oil output was offline, the agency said.

To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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