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Latest Business News

Petroleum Companies Reopen Platforms

Tuesday, July 12, 2005 6:26:37 PM
By ALAN SAYRE

NEW ORLEANS (AP) - Just two days after Hurricane Dennis plowed into the Gulf Coast, petroleum companies Tuesday restarted scores of production platforms in the Gulf of Mexico that were evacuated as the storm approached.

According to the U.S. Minerals Management Service, 64 platforms were shuttered at midday Tuesday, down sharply from 359 on Monday when 1.4 million barrels, or 96 percent of the Gulf's normal daily oil production, was interrupted.

By Tuesday, the amount of normal daily oil production that was being kept off market had dropped to 57 percent, or 857,975 barrels, the MMS said. The Gulf produces about 1.5 million barrels per day from 819 staffed platforms.


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