Bureau of Safety and Environmental Enforcement (BSEE): Issues Final Update post Cyclone Rafael

<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\"><div style=\"line-height: 1;\"><span style=\"font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\">Tuesday, November 12, 2024<br id=\"isPasted\"><br></span><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">The Bureau of Safety and Environmental Enforcement has activated its Hurricane Response Team and is monitoring offshore oil and gas operators in the Gulf of Mexico as they continue their response to the storm. The BSEE team will work with offshore operators and other state and federal agencies until operations return to normal and the storm is no longer a threat to Gulf of Mexico oil and gas activities.&nbsp;</span></div><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">Based on data from offshore operator reports submitted as of 11:30 a.m. CDT today, personnel remain evacuated from a total of 7 production platforms, 1.89% of the 371 manned platforms in the Gulf of Mexico. Production platforms are the offshore structures from which oil and natural gas are produced and transported to shore. Unlike drilling rigs, which typically move from location to location, production facilities remain in the same location throughout a project&rsquo;s duration.&nbsp;</span></p><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">No personnel are currently evacuated from any of the six non-dynamically positioned (DP) rigs currently operating in the Gulf. Rigs can include several types of offshore drilling facilities including jackup rigs, platform rigs, all submersibles, and moored semisubmersibles.&nbsp;</span></p><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">None of the 21 DP rigs currently operating in the Gulf remain off location. DP rigs maintain their location while conducting well operations by using thrusters and propellers; these rigs are not moored to the seafloor, so they can move out of harm&rsquo;s way in a relatively short time frame. Personnel remain on board and return to the original location once the hurricane has passed.&nbsp;</span></p><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">As part of the evacuation process, personnel activate the applicable shut-in procedure, which can frequently be accomplished from a remote location. This involves closing safety valves located below the surface of the ocean floor to prevent the release of oil or gas, effectively shutting in production from wells in the Gulf and protecting the marine and coastal environments. Shutting in oil and gas production is a standard procedure conducted by industry for safety and environmental reasons.&nbsp;</span></p><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">From operator reports, BSEE estimates that approximately 10.51% of the current daily oil production and 3.17% of the current daily natural gas production in the Gulf of Mexico has been shut-in. The production percentages are calculated using information submitted by offshore operators in daily reports. Shut-in production information included in these reports is based on the amount of oil and gas the operator expected to produce that day. The shut-in production figures therefore are estimates, which BSEE compares to historical production reports to ensure the estimates follow a logical pattern.&nbsp;</span></p><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">Now that the storm has passed, facilities will be inspected. Once all standard checks have been completed, production from undamaged facilities will be brought back online immediately. Facilities sustaining damage may take longer to bring back online.</span></p><div align=\"center\" style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><table border=\"1\" cellpadding=\"0\" style=\'box-sizing: inherit; font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 1.06rem; line-height: 1.5; border-collapse: collapse; border-spacing: 0px; color: rgb(27, 27, 27); margin: 1.25rem 0px; text-align: left; border-style: outset; border-width: 1.5pt;\'><tbody style=\"box-sizing: inherit;\"><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">&nbsp;</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Total</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Percentage of GOM</strong></span></p></td></tr><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Platforms Evacuated</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">7</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">1.89%</span></p></td></tr><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Rigs Evacuated</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">0</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">0%</span></p></td></tr><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">DP Rigs Moved-off</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">0</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">0%</span></p></td></tr><tr style=\"box-sizing: inherit;\"><td colspan=\"3\" style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 403.4pt;\" width=\"538\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Total Shut-in Percentage of GOM Production</strong></span></p></td></tr><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Oil, BOPD Shut-in</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">183,992</span></p><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">(BOPD)</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">10.51%</span></p></td></tr><tr style=\"box-sizing: inherit;\"><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 214.45pt;\" width=\"286\"><p style=\"box-sizing: inherit; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\"><strong style=\"box-sizing: inherit; font-weight: bolder;\">Gas, MMCFD Shut-in</strong></span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 66pt;\" width=\"88\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">59</span></p><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">(MMCFD)</span></p></td><td style=\"box-sizing: inherit; background-color: rgb(255, 255, 255); border: 1px solid rgb(27, 27, 27); font-weight: 400; padding: 0in; width: 119.95pt;\" width=\"160\"><p style=\"box-sizing: inherit; text-align: center; line-height: 18pt; margin-bottom: 0in;\"><span style=\"box-sizing: inherit; font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">3.17%</span></p></td></tr></tbody></table></div><p style=\'box-sizing: inherit; color: rgb(27, 27, 27); font-family: \"Source Sans Pro Web\", \"Helvetica Neue\", Helvetica, Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\'><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12pt;\">This survey is reflective of 14 companies&rsquo; reports as of 11:30 a.m. CDT today.&nbsp;</span></p></div>