MMS: Number of Platforms Destroyed by Hurricanes Increased to 60

HOUSTON (Dow Jones Newswires), November 26, 2008

The U.S. Minerals Management Service announced on Wednesday that 60 oil and natural gas platforms were destroyed in the Gulf of Mexico by Hurricanes Gustav and Ike, an increase from a previous assessment.

The number is a final tally, the agency said. In October, the agency said it counted 54 destroyed platforms.

"Some platforms which had been previously reported as having extensive damage were re-assessed and determined to be destroyed," MMS said in a release.

The destroyed platforms accounted for about 1.05% of the oil and 1.3% of the gas produced daily in the Gulf of Mexico, according to the MMS.

In its final assessment, MMS confirmed that 31 platforms with extensive damage could take between three and six months to repair.

The 93 platforms with moderate damage could take one to three months to repair.

Ike hit near Galveston, Texas on Sept. 13 and Gustav landed along the central Louisiana coast on Sept. 1.

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

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