Chevron to Donate Rita-Damaged Platform to Artificial Reef Program
Chevron is planning to donate its $250 million Typhoon oil platform to an Interior Department program that turns old oil and gas structures into artificial offshore reefs. The platform capsized in the Gulf of Mexico last year during Hurricane Rita.
Company officials will meet with the Interior Department's Minerals Management Service and the Coast Guard in a few days, Chevron spokesman Matt Carmichael said.
Typhoon, a joint project with BHP Billiton, had the capacity to pump 40,000 barrels of oil and 60 million cubic feet of gas per day. Chevron's other two offshore platforms in the Gulf of Mexico, Genesis and Petronius, survived the storm (Greenwire, Sept. 29, 2005).
The platform, built in 2001, accounted for 1.9 percent of Chevron's oil and natural gas output in the gulf before the accident, and it was expected to have a life span of five to eight years. Hurricanes Rita and Katrina destroyed 113 production platforms and damaged 457 pipelines, according to MMS (Purva Patel, Houston Chronicle, May 10).
Copyright 2006 Greenwire. All Rights Reserved. Visit E&E Publishing for a free trial.
- ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
- Chevron To Study Mexican Oil Block, No Drilling Seen In First 4 Years (Nov 30)
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)