Economic Calendar

Friday, September 26, 2008

Shell Expects `Majority' of Gulf Output to Resume in 2 Weeks

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By Tina Seeley

Sept. 26 (Bloomberg) -- Royal Dutch Shell Plc will have the ``majority'' of its Gulf of Mexico offshore oil production back in operation in one to two weeks, the head of its U.S. operations said.

``In a couple of weeks, we should be up and running,'' Marvin Odum told reporters today in Washington. ``Our offshore assets look like they survived very well'' through hurricanes Gustav and Ike.

Shell currently has 30,000 to 40,000 barrels a day of output in the Gulf out of a total of 350,000 barrels under normal production, he said.

To contact the reporter on this story: Tina Seeley in Washington at tseeley@bloomberg.net.




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