Oil shut-ins cover most expected Gulf production
Hurricane Isaias prompted operators to shut in most daily oil production in the US Gulf of Mexico. The Marine Minerals Administration, the US offshore energy regulator, estimated the interrupted share at approximately 71.51 per cent in its October 9 update. OilPrice also reported the hurricane-related shutdowns, citing the regulator’s figures.[1], [2]
The regulator put natural gas shut-ins at 58.84 per cent. Its estimates use submissions from 12 companies and compare interrupted output with the amount operators expected to produce that day. They describe a production interruption, rather than the extent of physical damage to the installations.[1]
