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 Business News | July 2005 
Oil Exports Resume After Storm Passes
 Wire services
Oil workers began returning to rigs in the southern Gulf of Mexico and Mexican state oil monopoly Petroleos Mexicanos, or Pemex, had opened its three main loading ports on Wednesday, as Hurricane Emily chugged slowly inland over northeast Mexico and weakened.
Oil tankers carrying about 2 million barrels of oil left Pemex ports in the southern Gulf on Wednesday, although Mexican production remained at a standstill in the northern Gulf as the hurricane came ashore before dawn about 75 miles (120 kilometers) south of the U.S.-Mexico border.
Pemex sends at least 80 percent of its 1.8 million barrels per day in crude exports to the United States.
About 16,000 oil workers had abandoned Mexican offshore installations in the hurricane's path, including all workers from offshore installations in the Poza Rica-Altamira area, near Emily's second landfall in Mexico.
Although the storm missed the United States, there were precautionary rig evacuations on the U.S. side of the Gulf. There was a mild recovery Wednesday in the amount oil and gas shut in because of the hurricane, according to the U.S. Minerals Management Service.
Nearly 6 percent of daily U.S. oil production on the Gulf remained suspended because of Emily on Wednesday.
The cumulative lost oil production from U.S waters on the Gulf reached 215,478 barrels. Cumulative natural gas production losses were 1.376 billion cubic feet (40 million cubic meters.)
The storm passed more than 100 miles (160 kilometers) north of Pemex's main production areas on the Bay of Campeche, where all personnel were expected back on Friday.
Pemex was surveying its facilities in the Gulf for damages on Wednesday and had not reported any losses.
Mexico's three main oil loading ports in the Gulf Dos Bocas, Pajaritos and the offshore terminal at Cayo Arcas all were open Wednesday.
The hurricane had forced Pemex to suspend daily production of 2.95 million barrels of oil. The company did not report how much production had been restored on Wednesday. |
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