Gulf Pumping Up

By: Associated Press
By: Associated Press

About 24,000 additional barrels of daily oil production have been restored in the Gulf of Mexico over the past week as petroleum companies attempt to recover from damage from Hurricane Ivan.

According to figures from the Minerals Management Service, about 426,000 barrels of daily oil production are shut in throughout the Gulf, down from about 450,000 on Oct. 18. That figure represents about 2.2 percent of the daily use of oil in the United States.

Since Hurricane Ivan first threatened the Gulf on Sept. 11 and after the storm left behind damaged production platforms and pipelines, about 24 million barrels have been shut in. That's nearly 4 percent of the Gulf's normal annual output of 605 million barrels.

The MMS has projected that the daily shut-in figure could drop to 300,000 barrels by Nov. 1, but warned that it could take up to a year for pre-storm production figures to be reached.

The agency said it hopes 96 percent of normal production will be restored within six months.


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