Re: (Katrina/Oil) Repairs to major production platform ahead of schedule, says Shell

Guess you didn't see the news on how an Ex CEO who retired got a 38 million
dollar check and a new car and another 26 million from selling stock and
another 20 million for something else and getting 300 grand per year for the
rest of his life. Go figure. And they still profited last quarter
something like 3 billion if not more.
--
WOOHA!

CMR

If you like wrestling chicks go to www.nekkedwrestlingchicks.com

"~Îñ©üßü§~" <Incubus@xxxxxxxxxxxxxxxxxxx> wrote in message
news:q1uf42do3uvigcr5da3dsb9rth7l13bmc5@xxxxxxxxxx
Yet gas prices are still going up

http://www.wwltv.com/local/stories/wwl042006khshell.53f847d4.html

With oil at record prices and more than a fifth of the normal
production in the Gulf of Mexico still blocked by hurricane damage,
Shell Exploration & Production Co. said Thursday that its Mars
production platform will be restarted ahead of its original schedule.

Mars is the largest Gulf production platform damaged by Hurricane
Katrina. The platform represents about 5% of the Gulf's oil daily
production.

Shell said construction at the platform will be completed by the end
of April, with partial production restored by mid-May. Production at
pre-Hurricane Katrina rates -- 130,000 barrels of oil and 150 million
cubic feet of gas each day -- should be achieved by the end of June,
the company said.

Originally, Shell did not expect the platform to be producing until
late in 2006.

On Wednesday, the U.S. Minerals Management Service reported 87
production platforms still out of commission following hurricanes
Katrina and Rita.

About 334,000 barrels of normal daily oil production in the Gulf --
about 22% -- are still blocked from market, along with 1.33 billion
cubic feet of normal daily natural gas production, or about 13%, the
MMS said.

Since Katrina first threatened the Gulf and forced platform
evacuations on Aug. 26, the Gulf has lost the production of 148.9
million barrels of oil, or about 27% of the normal yearly total of
574.5 million barrels, the agency said.

Over the same time, 730.4 billion cubic feet of natural gas -- or
about 20% of the normal yearly total of 3.65 trillion cubic feet --
has been blocked from market, the MMS said. The Mars platform is
located about 130 miles southeast of New Orleans. Shell operates the
platform and has a 71.5% working interest. BP PLC has the remaining
working interest.



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