A full assessment of the damage from Hurricane Katrina will require several more days, ... Many facilities have still not been inspected by their operators. |
All safety systems worked to successfully shut down production on the OCS (Outer Continental Shelf) platforms, |
Although Hurricane Katrina moved through a core area of offshore operations and damaged many production and exploration facilities, early reports indicate that the vast majority of facilities could be ready to come back on line in days and weeks, rather than months, |
Before hurricane Katrina we were already in a tight supply, |
Despite this damage, about 90 percent of Gulf oil production could return to the market in one month, if refineries, processing plants, pipelines and other onshore infrastructure are in operation to receive, prepare and transport it to the consumer. |
Four large deep water platforms accounting for about 10 percent of the pre-storm federal offshore Gulf oil production suffered extensive damage which could take up to three to six months to bring back on line, |
in one month if refineries, processing plants, pipelines and other onshore infrastructure are in operation to receive, prepare and transport it to the consumer. |
It will take some time, weeks or even months before we are back up to 100 percent. |