Based on the chart above, I think we can now safely declare that the 2010 hurricane season is over. While the threat of tropical storms posed some problems for the Macondo response, the Gulf of Mexico was spared any significant damage or suspensions of production.
During the post-Macondo discussion about safety and regulatory issues, not much has been said about the major disruptions caused by Hurricanes Ivan, Katrina, Rita, Gustav, and Ike, and the attention and resources that have been dedicated to hurricane issues for the past five years. Major advances have been made in mooring capabilities and assessments, design standards, securing topsides equipment, and other aspects of hurricane preparedness.
How much did hurricane issues affect the assessment and management of other operating risks? This question may merit further attention.
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