Oil production shutting down due to Hurricane Harvey

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Oil production shutting down due to Hurricane Harvey (KTRK)

Forty-five percent of total U.S. petroleum refining capacity is located along the Gulf Coast. According to reports, about one-third of that is in the path of Hurricane Harvey.

Oil production operations in the Gulf began shutting down Thursday in response to Hurricane Harvey. Here is what is happening so far:
  • Anadarko has removed all personnel and temporarily shut in production at their Boomvang, Gunnison, Lucius and Nansen facilities, which are located in the western portion of the Gulf.

  • ConocoPhillips has taken precaution to evacuate all non-essential personnel from our Magnolia platform in the Gulf of Mexico and they have decided to suspend drilling and completion activities in the Eagle Ford and move non-essential personnel and equipment off the drilling rigs.

  • ExxonMobil is in the process of evacuating all personnel from their facilities expected to be in the path of the storm, which includes the Hoover platform and Galveston 209 platform. The Hoover and Galveston 209 platforms are shut-in. Their Hadrian South subsea production system in the Gulf of Mexico is also shut-in.

  • Shell shut down production and has secured its Perdido asset and is in the process of returning all personnel working on Perdido to shore.

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Related Topics:
businessbusinesshurricane harveyshellchevronexxonmobilHouston
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