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Released July 05, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--After it ran a destructive path across the Caribbean on Tuesday and Wednesday, killing at least 10 people, Hurricane Beryl weakened from a Category 4 to a Category 2 storm. But that was cold comfort to the people in its path, and companies such as Shell plc (NYSE:SHEL) (London, England) and Chevron Corporation (NYSE:CVX) (San Ramon, California) are taking measures to protect their personnel and assets in Beryl's next target--the Gulf of Mexico. Industrial Info is tracking more than $44 billion worth of active and proposed oil and gas projects in the Gulf of Mexico.
Beryl tore across Mexico's Yucatan Peninsula as a Category 2 storm on Friday, with maximum sustained winds of 110 miles per hour (mph), according to the National Hurricane Center (NHC): "Rapid weakening is expected as Beryl moves farther inland and crosses the Yucatan Peninsula today, but slow re-intensification is expected once Beryl moves back over the Gulf of Mexico."
Click on the image at right for a map from Industrial Info's Disaster Impact Tracker detailing Beryl's projected path through the Gulf.
The NHC expects to see dangerous hurricane-force winds, a storm surge of four to six feet, and damaging waves across the Yucatan Peninsula throughout Friday. Industrial Info is tracking more than US$27.4 billion worth of active projects in the Mexican states that are most likely to be affected by Beryl. For more information, see July 1, 2024, article - Hurricane Beryl's Path Holds Nearly $30 Billion of Industrial Projects.
Shell announced it was temporarily halting production at some of its offshore projects in the Gulf: "As a precautionary measure at our Perdido asset, we are continuing to evacuate non-essential personnel and have completed the safe shut-in of production. At our Whale asset, which is not scheduled to begin operations until later this year, we are evacuating all personnel. We have safely paused some of our drilling operations, but there are currently no other impacts on our production across the Gulf of Mexico."
Shell's Perdido drilling program has a peak production of 125,000 barrels of oil equivalent per day (BOE/d), which the company aims to boost by 22,000 BOE/d by drilling three new wells in the Great White discovery, located in the Alaminos Canyon. Shell's $700 million Whale floating production unit (FPU), also in the Alaminos Canyon, is expected to produce up to 140,000 barrels per day (BBL/d) of oil. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Perdido and Whale projects.
Chevron, whose Gulf assets generally are located farther to the east, said that while "nonessential personnel are being transported from our Gulf of Mexico facilities, production from our Chevron-operated assets remains at normal levels. This includes demobilization of personnel at Anchor, where first production is expected in the third quarter."
Chevron's multi-phase Anchor Field development includes a $1.5 billion FPU about 140 miles off the coast of Louisiana, a $500 million drilling program featuring seven wells, and about $500 million in subsea infrastructure. Altogether, Anchor is expected to produce about 75,000 BOE/d. Subscribers can read detailed reports on the FPU, drilling program, and subsea infrastructure.
BP plc (NYSE:BP) (London), on the other hand, expressed relief in a July 4 posting on its website: "BP has determined that forecasts indicate Hurricane Beryl no longer poses a significant threat to our Gulf of Mexico assets."
BP's ongoing work in the Gulf includes the Argos FPU at its Mad Dog 2 development, which has a production capacity of up to 140,000 BBL/d. BP is in the process of drilling three additional water injection wells at its South West location, and another two to four at its North West location. The company believes these measures will triple oil production at Mad Dog 2 by 2025. Subscribers can learn more from detailed project reports on the South West and North West expansions.
Some Caribbean Refineries Affected
As Hurricane Beryl moves toward the Texas coast, refineries in the Corpus Christi area are expected, at this time, to remain operational. These include facilities from Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas), Flint Hills Resources (Wichita, Kansas) and CITGO Petroleum Corporation (Houston).
Petroleum Corporation of Jamaica shut down its entire 35,000-BBL/d Kingston refinery on July 1 as a safety protocol. Operations were scheduled to resume sequentially on late Thursday. No damage to the facility has been reported. Subscribers to Industrial Info's GMI Petroleum Refining Plant Database can learn more from a detailed plant profile.
The Dominican Republic's Refineria Dominicana de Petroleo Refidomsa PDV S.A. is maintaining normal operations at its 34,000-BBL/d refinery in Santo Domingo, despite Beryl moving through the area. Subscribers can learn more from a detailed plant profile.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of active and proposed oil and gas projects in the Gulf of Mexico.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Beryl tore across Mexico's Yucatan Peninsula as a Category 2 storm on Friday, with maximum sustained winds of 110 miles per hour (mph), according to the National Hurricane Center (NHC): "Rapid weakening is expected as Beryl moves farther inland and crosses the Yucatan Peninsula today, but slow re-intensification is expected once Beryl moves back over the Gulf of Mexico."
The NHC expects to see dangerous hurricane-force winds, a storm surge of four to six feet, and damaging waves across the Yucatan Peninsula throughout Friday. Industrial Info is tracking more than US$27.4 billion worth of active projects in the Mexican states that are most likely to be affected by Beryl. For more information, see July 1, 2024, article - Hurricane Beryl's Path Holds Nearly $30 Billion of Industrial Projects.
Shell announced it was temporarily halting production at some of its offshore projects in the Gulf: "As a precautionary measure at our Perdido asset, we are continuing to evacuate non-essential personnel and have completed the safe shut-in of production. At our Whale asset, which is not scheduled to begin operations until later this year, we are evacuating all personnel. We have safely paused some of our drilling operations, but there are currently no other impacts on our production across the Gulf of Mexico."
Shell's Perdido drilling program has a peak production of 125,000 barrels of oil equivalent per day (BOE/d), which the company aims to boost by 22,000 BOE/d by drilling three new wells in the Great White discovery, located in the Alaminos Canyon. Shell's $700 million Whale floating production unit (FPU), also in the Alaminos Canyon, is expected to produce up to 140,000 barrels per day (BBL/d) of oil. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Perdido and Whale projects.
Chevron, whose Gulf assets generally are located farther to the east, said that while "nonessential personnel are being transported from our Gulf of Mexico facilities, production from our Chevron-operated assets remains at normal levels. This includes demobilization of personnel at Anchor, where first production is expected in the third quarter."
Chevron's multi-phase Anchor Field development includes a $1.5 billion FPU about 140 miles off the coast of Louisiana, a $500 million drilling program featuring seven wells, and about $500 million in subsea infrastructure. Altogether, Anchor is expected to produce about 75,000 BOE/d. Subscribers can read detailed reports on the FPU, drilling program, and subsea infrastructure.
BP plc (NYSE:BP) (London), on the other hand, expressed relief in a July 4 posting on its website: "BP has determined that forecasts indicate Hurricane Beryl no longer poses a significant threat to our Gulf of Mexico assets."
BP's ongoing work in the Gulf includes the Argos FPU at its Mad Dog 2 development, which has a production capacity of up to 140,000 BBL/d. BP is in the process of drilling three additional water injection wells at its South West location, and another two to four at its North West location. The company believes these measures will triple oil production at Mad Dog 2 by 2025. Subscribers can learn more from detailed project reports on the South West and North West expansions.
Some Caribbean Refineries Affected
As Hurricane Beryl moves toward the Texas coast, refineries in the Corpus Christi area are expected, at this time, to remain operational. These include facilities from Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas), Flint Hills Resources (Wichita, Kansas) and CITGO Petroleum Corporation (Houston).
Petroleum Corporation of Jamaica shut down its entire 35,000-BBL/d Kingston refinery on July 1 as a safety protocol. Operations were scheduled to resume sequentially on late Thursday. No damage to the facility has been reported. Subscribers to Industrial Info's GMI Petroleum Refining Plant Database can learn more from a detailed plant profile.
The Dominican Republic's Refineria Dominicana de Petroleo Refidomsa PDV S.A. is maintaining normal operations at its 34,000-BBL/d refinery in Santo Domingo, despite Beryl moving through the area. Subscribers can learn more from a detailed plant profile.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of active and proposed oil and gas projects in the Gulf of Mexico.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).