Offline Gulf of Mexico Oil Production Falls to 6.5%

EghtesadOnline: Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to normalcy during what after a dozen days has already been an active hurricane season.

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14 June 2020

More than 122,600 barrels per day of crude came back online from June 11 to June 12, according to daily updates from the US Bureau of Safety and Environmental Enforcement. Almost 35% of the US Gulf production was shut-in in advance of the storm, S&P Global Platts reported.

After a peak of 635,781 bpd was shut in, BSEE said 120,079 bpd remained down on June 12, or 6.49% of total US Gulf oil production.

"Personnel have returned to all rigs (non-dynamically positioned) currently operating in the Gulf," BSEE said in a statement.

The number of platforms evacuated in the US Gulf dropped to seven June 12, or about 1% of the 643 such facilities in the region, from 20 or 3% a day earlier.

The US Energy Information Administration estimates the US Gulf oil production in the second quarter at 1.84 million bpd, down from 1.96 million bpd in Q1.