Offshore oil and gas operators in the Gulf of Mexico continue to restore shut-in oil and natural gas production resulting from Hurricane Gustav and Hurricane Ike. This report will be the final one issued concerning shut-in production from these two storms.
It is expected that the majority of the remaining oil production shut-in will be restored by late March 2009. It is also expected that natural gas production shut-in will be fully restored by late May 2009. These expectations are based on repair timeframes for both production facilities and pipelines which transport the production to shore. Repair time can be affected by weather conditions and availability of materials.
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