Wednesday, September 17, 2008

Hurricane Ike Aftermath

After Gustav touched down, Ike followed suit with a more devastating foot print causing loss of power and massive flood in Texas. 28 platforms out of 3800 platforms in Gulf of Mexico have been completely destroyed as reported by MMS. The Pride Wyoming worth USD 40M has been reported missing. Her last location was 90 miles offshore Louisiana. Ensco 74 is also nowhere in sight. The 1.3 Million barrels per day-production is still shut in while personnel have been remobilized to platforms and rigs. Most operators are now in eval mode to assess the extent of damages, if any, of their assets. The US has indeed managed this well, after incorporating lessons from Katrina and Rita in 2005 and Ivan 4 years ago.

Districts
Lake
Jackson
Lake
Charles
Lafayette
Houma
New
Orleans
Total
Platforms
Evacuated
84
113
119
99
83
498
Rigs
Evacuated
9
14
14
20
14
71
Oil, BOPD
Shut-in
69,367
35,263
160,059
433,645
565,396
1,263,730
Gas,
MMCF/D
Shut-in
1,200
816
1,211
992
2,012
6,231

After speculators offloaded some USD 39B worth of funds from crude futures market, the price of crude continues to plummet despite Gustav and Ike's touch of god.




1 comment:

Wata said...

Salam. Has anyone wondered if global warming has resulted in 100-year storm conditions happening more frequently? You wouldn't think metocean data would change so fast, but I'm not a weatherman.