Royal Dutch Shell has restarted production at its Olympus platform in the Mars Corridor in the Gulf of Mexico (GoM) on Oct. 4 following repairs to portion of its West Delta 143 offshore facility in the aftermath of Hurricane Ida.
The remaining assets in that corridor, Mars and Ursa, remain shut in, while other GoM assets—Appomattox, Enchilada/Salsa, Auger, Perdido and Stones—are all producing, the company said.
Shell, the largest U.S. Gulf of Mexico oil producer, was the hardest-hit producer from Ida, which tore through the Gulf in August and removed 28 million barrels of oil from the market.
Shell's West Delta 143 offshore facility, carries oil and gas from three major fields for processing at onshore terminals.
The company also noted that utility services has been restored at its Norco Manufacturing Complex in Louisiana, which hosts a 230,611 barrel-per-day refinery.
Last month, Shell warned that damage to its offshore transfer facilities from Ida will cut production into early next year.
Recommended Reading
Exxon’s Payara Hits 220,000 bbl/d Ceiling in Just Three Months
2024-02-05 - ExxonMobil Corp.’s third development offshore Guyana in the Stabroek Block — the Payara project— reached its nameplate production capacity of 220,000 bbl/d in January 2024, less than three months after commencing production and ahead of schedule.
What's Affecting Oil Prices This Week? (Feb. 5, 2024)
2024-02-05 - Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.
Tinker Associates CEO on Why US Won’t Lead on Oil, Gas
2024-02-13 - The U.S. will not lead crude oil and natural gas production as the shale curve flattens, Tinker Energy Associates CEO Scott Tinker told Hart Energy on the sidelines of NAPE in Houston.
What's Affecting Oil Prices This Week? (March 18, 2024)
2024-03-18 - On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.
What's Affecting Oil Prices This Week? (March 11, 2024)
2024-03-11 - Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.