Study looks at hurricane damage over 45 years

06/11/2008 | Oil & Gas Journal

An average hurricane season in the Gulf of Mexico disrupts only 1.4% of annual oil production and 1.3% of annual gas production, even when Hurricanes Katrina and Rita are included in the 45-year average, according to information firm IHS. IHS product manager Steve Trammel credits industry planning for the unexpectedly low impact and says most production disruptions are because of safety precautions. "Operators make the decision to pull crews off rigs well before a storm moves into the Gulf," he said.

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