Some Oil, Gas Facilities in Gulf of Mexico Resume Pumping
Several oil and gas facilities in the Gulf of Mexico have resumed operations following Hurricane Katrina. However, an industry analyst says the full extent of damage to generating facilities is still unknown.
Jim Flanagan of IHS Energy says the story of Hurricane Katrina is still unfolding. He says there's a lack of published reports by energy companies about damage done to their offshore facilities.
"I think it has a lot to do with, number one, some of the on-shore staging areas have been pretty much devastated," said Mr. Flanagan. "So, it's difficult to get transportation to and from some of these platforms. I think there's 819 manned platforms and 140 or so manned rigs offshore that all need to be checked out. And so there's a big run on transportation equipment and personnel to go out and check on all these facilities. And it's just taking a long time."
He says following previous hurricanes, the energy industry was quick to release reports on the damage their facilities sustained.