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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: gregor_us who wrote (14383)5/24/2004 3:34:02 PM
From: russwinter  Read Replies (1) of 110194
 
It's those "little incidents" I was just speaking about. Normally this sort of thing isn't the end of the world, but now?

UPDATE - Mars U.S. Gulf outage shuts in crude, natgas-Shell
Monday May 24, 12:36 pm ET

NEW YORK, May 24 (Reuters) - Shell Oil Co. (London:SHEL.L - News; Amsterdam:RD.AS - News) shut its U.S. Gulf Mars platform on Saturday after a problem at a safety valve, the company said on Monday.

The outage shut in 150,000 barrels per day of crude oil and 170 million cubic feet of daily gas production, or all of the platform's current production, said Shell spokesman Fred Palmer.

Palmer said the company did not know when the platform would resume operations. The company detected a "slight sheen" on water near the platform that came from a ball and socket connector that allows lines to the platform to move with the ocean's currents.

The valve problem was located in West Delta 143.

The Mars platform, which has a design capacity of about 220,000 bpd of crude and 220 mmcfd of natural gas, is located about 130 miles southeast of New Orleans in the Mississippi Canyon area of the Gulf of Mexico.

The platform produces a sour crude. (Additional reporting by Joe Silha)
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