Gulf hurricanes add to abandonment, decommissioning backlog

摘要

Houston-Like two drunks trashing a bar, then walking out on the tab, hurricanes Gustav and Ike created even more trouble for the future in the Gulf of Mexico, where they likely added $1.8 billion to $6 billion to the estimated $15 billion backlog on field abandonment work still waiting to be done. The cleanup is always more work than surviving the storm, and the Gulf’s oil interests have learned that lesson first-hand the last four years. During that period, weather experts believe the Atlantic Basin entered a new cycle of increased storm activity.