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Pemex Resumes Production in the Gulf

Mexican state oil company Pemex will resume production in its facilities Mexican state oil company Pemex

Pemex Resumes Production in the Gulf

Mexican state oil company Pemex will resume production in its facilities Mexican state oil company Pemex will resume production on Friday after Hurricane Dean tore through the Gulf of Mexico, forcing it to evacuate hundreds of platforms and cut production, the company said.

Pemex expects to resume 80 percent of normal oil and gas production by early next week and 100 percent production later in the week, barring major damage from the storm.

A source at the company said it was still unclear whether the hurricane had damaged oil rigs, as the rough weather meant teams of engineers only flew out to the area to start inspections on Wednesday afternoon.

Dean plowed through the Gulf, where Pemex has several hundred oil and gas wells, on Tuesday and Wednesday after hammering Mexico's Caribbean resort of Tulum.

Mexico removed over 18,000 Pemex staff and shut down 80 percent of its crude production ahead of the arrival of Dean, which was a potentially catastrophic Category 5 hurricane when it first hit land on Mexico's Caribbean coast.

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