Monday, September 15, 2008

Shell finds "moderate damage" offshore after Ike

NEW YORK (Reuters) - Shell Oil (RDSa.L: Quote, Profile, Research, Stock Buzz) said it found "moderate damage" at some of its Gulf of Mexico offshore production platforms in the wake of Hurricane Ike.

"We were able to get personnel on some of the platforms and found some amount of moderate damage, which is being assessed," the largest oil producer in the Gulf of Mexico said in a press release issued late Sunday.

The company said its restart of crude oil and natural gas production from its Gulf platforms will depend on required repairs as well as the readiness of pipelines and refineries to handle the production.

The company said it found no major structural damage to its facilities offshore.

(New York Energy Desk, 646-281-6056)

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