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Archive for the ‘Gulf of Mexico’ Category

MMA discontinues daily hurricane activity reports when <10% of production is shut-in. Yesterday, oil production reached that threshold (9.92% shut-in) and gas fell just short (11.07% shut-in), so it is assumed there will be no further production updates for Isaias.

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from MMI data

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To date, there have been no public reports of any significant damage to offshore facilities.

Per MMA’s update as of noon today:

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MMA data as of noon ET today:

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BSEE data

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Facility inspections are underway. MMA report as of noon ET today:

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MMA report as of noon ET today:

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The proposed Sale Notice is attached. The terms, summarized below, are the same as for the other BBG sales. See the sale map for the blocks that correspond with with the legend categories.

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Per MMA, nearly 1.3 million barels/day of Gulf of America oil production was shut-in as of noon ET today. Given that ~95% of Gulf production is from deepwater facilities, the high shut-in volume and the storm track (map below) tell us that major deepwater platforms in the eastern areas of the Gulf are shut-in. It’s also apparent that operators are prudently shutting in platforms well outside the projected hurricane track.

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MMA data as of noon ET today.

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