MMS: 40 Oil, Gas Platforms Damaged By Hurricane Gustav

NEW YORK (Dow Jones Newswires), September 11, 2008

Hurricane Gustav damaged 40 oil and gas platforms in the Gulf of Mexico, the U.S. Minerals Management Service said Thursday.

The hurricane, which passed through the Gulf over Labor Day weekend, caused moderate damage to five platforms, which will take one to three months for production to be restored. An additional 35 platforms will require up to one month to repair and restore production, the MMS said. The agency monitors and regulates offshore energy activity.

Royal Dutch Shell PLC (RDSB.LN) reported minor damage to its giant Mars platform, one of the biggest producers in the Gulf, requiring at least a week of repairs. Hurricane Ike is now passing near the main oil-producing region of the Gulf, forcing a halt to nearly all production and repair work.

The MMS also found an oil sheen consisting of nine barrels of crude. A barrel is equivalent to 42 gallons.

Copyright (c) 2008 Dow Jones & Company, Inc.

Read more on preparations for Hurricane Ike in Rigzone's Special Coverage Preparing for Ike to Strike.
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