"The Gulf of Mexico's offshore petroleum industry is far from recovering from hurricanes Katrina and Rita, and at least one-sixth of the region's normal daily oil production will still be off line at the start of next storm season, a federal agency says.
Katrina and Rita destroyed 115 of the Gulf's 4,000 production platforms and damaged another 52, according to a report released Thursday by the Minerals Management Service, which manages federal offshore leases.
The storms' combined fury -- much stronger when they swept across the Gulf than when they hit shore -- also damaged 183 pipelines, including 64 classified as major. As of Thursday, only 22 had been returned to service, the MSS said."
Friday, January 20, 2006
Gulf oil production will lag for another year
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