Many Damaged Gulf Oil Rigs Won’t Be Repaired

Much of the oil and natural gas production still shut-in after last year’s hurricanes in the Gulf of Mexico will stay offline because it would not be economical for companies to rebuild the production platforms, Energy Secretary Sam Bodman told Congress today.

About 255,000 barrels per day in crude oil production and 400 million cubic feet of natural gas output is expected to still be offline in the Gulf of Mexico at the June 1 start date of the 2006 hurricane season, according to the government. That represents 17 percent of pre-hurricane daily Gulf oil production and 4 percent of gas output.
Chron.com