EIA estimates drilling ban's impact on gulf output

06/14/2010
Production of oil from the US Gulf of Mexico will drop by an average 26,000 b/d during the fourth quarter and roughly 70,000 b/d during 2011 as a result of the Obama administration's 6-month moratorium on deepwater drilling, the US Energy Information Administration forecasts.Production from the deepwater gulf will decline by an estimated 2.4 million bbl in 2010 and 25 million bbl in 2011 because of the moratorium, EIA said as it issued its latest short-term energy outlook on June 8. US President Barack Obama ordered the suspension of deepwater drilling on May 27 after receiving an initial report and recommendations from Interior Sec. Ken Salazar concerning the Apr. 20 well blowout, rig ex...
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