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Page added on September 14, 2005

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US Gulf Oil Producers Scramble to Circumvent Roadblocks

Gulf of Mexico oil producers are scrambling to find their way around damage to key pipelines and an onshore storage facility that threaten to bottle up their output indefinitely.

The obstacles are holding up owners of giant deepwater platforms that are ready to start pumping oil but can’t get their crude ashore. At issue is whether producers will be able to rewire the maze of pipelines on the Gulf Coast to get their crude to market at a time when prices remain well over $60 a barrel.
Schlumberger



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