Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged Gulf of Mexico, Hurricane Ida, oil production, shut-in on September 2, 2021| Leave a Comment »
In a bit of a surprise, the volume of shut-in GoM oil production rebounded to more than 1.7 million BOPD (see BSEE’s 9/2 update). Because several deepwater platforms had reportedly resumed production, the sharp increase in shut-in volumes could have something to do with downstream facility damage or bottlenecks. The daily Ida shut-in volumes are plotted below.
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged Hurricane Ida, oil production on August 28, 2021| Leave a Comment »
Per BSEE’s 8/28 update, 90.84% of GoM oil production is reported to be shut-in. Given that there is some uncertainty in both the numerator (production shut-in) and the denominator (base production), there is a margin of error (~5%?) in that figure. The large discrepancy in the % of manned facilities evacuated (only 50) and % of oil production shut-in (90+) illustrates the dominance of deepwater facilities, mostly shut-in, in GoM oil production.
Posted in offshore, Offshore Energy - General, oil, tagged Hurricane Ida, oil production on August 27, 2021| Leave a Comment »
In light of the projected storm track for Ida, forecasting uncertainty, and the need to err on the side of caution in making evacuation and shut-in decisions, particularly for deepwater facilities, look for at least 75% of Gulf of Mexico oil production (approximately 1.3 million BOPD) to be shut-in temporarily.
Posted in Uncategorized, tagged exports, Mexico, oil production on May 2, 2011| Leave a Comment »
Mexico, the third-largest supplier of foreign oil to the United States, could lose the capacity to export crude altogether within a decade without major new investments in exploration and production, warns a research group report released on Friday. New York Times
Bud's Offshore Energy (BOE) 