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Art Berman stated that restarting shut-in wells requires restoring communication between surface equipment and reservoirs thousands of feet underground, and that extended shutdowns can create complications, with roughly 80% of affected wells potentially returning close to previous production levels over weeks or months, though some Persian Gulf production may never return.
reported by one outlet so far · Attributed statement · first recorded Aug 23, 11:30 AM
How each outlet reported it
Fox NewsRight · Aug 23, 11:01 AM
Restarting a well requires restoring communication between surface equipment and reservoirs thousands of feet underground, and extended shutdowns can create complications.
Cites: Art Berman · Details: thousands of feet underground
Fox NewsRight · Aug 23, 11:01 AM
Roughly 80% of affected wells could return close to their previous production levels, although this could take weeks or months.
Cites: Art Berman · Details: 80%; weeks or months
Fox NewsRight · Aug 23, 11:01 AM
Some Persian Gulf oil production will never come back.
Cites: Art Berman