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Gulf of Mexico oil ops in ‘relatively good shape’ after Rita

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Gulf of Mexico oil ops in ‘relatively good shape’ after Rita - Texas governor

Oil platforms in the Gulf of Mexico and the hub of refineries along the southern coast of the US appear to have survived Hurricane Rita without major damage, the governor of Texas said on Sunday.

‘The refineries appear to be in relatively good shape,’ Governor Rick Perry told Fox News Sunday.

One pipeline was ruptured ‘but it’s being repaired as we speak,’ Perry said.

While oil companies said it would take some time to figure out the full effect of the storm, Perry expressed cautious optimism that platforms off the Gulf Coast had escaped mostly unscathed.

‘The reports from the Gulf yet are still spotty coming in, but it appears that those platforms made it through this in relatively good shape also.’

Texas Senator Kay Bailey Hutchison also said most of the refineries appeared to be undamaged and would resume operations soon.

Refineries in Port Arthur, to the east of the Texan city of Houston, did suffer some damage from the storm and ‘it will take longer to get them up and running’, Hutchison said.

The network of refineries off the coast of Texas represent some 25 pct of US refining capacity and oil prices had soared four weeks earlier when another storm, Hurricane Katrina, hit the same coast.

More: forbes.com

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