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- Byron Energy’s (BYE) operations in Gulf of Mexico have escaped the impact of Hurricane Ida
- Operators did not find any damage to either facility or to any of the pipelines
- Bryon is currently waiting on clearance from the operator of the oil sales pipeline before resuming SM71 production to pre-hurricane levels
- It is expected the oil sales line will return to operation early next week
- On the market, Byron is up four per cent and is trading at 13 cents per share at 1:20 pm AEST
Byron Energy (BYE) has been fortunate enough to have not felt the impact of Hurricane Ida.
Hurricane Ida struck Port Fourchon on August 24 as a category four hurricane with 240 kilometres per hour winds. The hurricane’s impacts have been felt in New York, where flash flooding has occurred.
Byron’s assets are about 110 miles (177 kilometres) from where the hurricane struck in the Gulf of Mexico and the company paused operations a few days ago due to the weather.
However Bryon’s operators did not find any damage to either facility or to any of the pipelines.
The energy company received clearance to resume production from the operator of the gas sales pipeline at SM58 G, while production from the SM58 G1 well was restored.
Bryon is currently waiting on clearance from the operator of the oil sales pipeline before resuming SM71 production to pre-hurricane levels. It is expected that the oil sales line will return to operation early next week.
“There was no damage to the EOD 351, any equipment nor to the South Marsh Island 69 E platform. The rig crews are in the process of returning the rig to full operational status,” the company said.
On the market, Byron was up four per cent and is trading at 13 cents per share at 1:20 pm AEST.
