UPDATE 1-Moratorium to cut 25 mln bbls of 2011 US crude-EIA
(Adds cumulative numbers, details, background)
WASHINGTON, June 8 (Reuters) - The six-month U.S. moratorium on deep water oil drilling should cut 2011 crude output by about 25 million barrels, the top U.S. energy forecaster said on Tuesday.
U.S. Interior Secretary Ken Salazar late last month put a six-month moratorium on deep water exploration rigs in response to the BP Plc (BP.L) oil spill disaster in the Gulf of Mexico, the worst in the country's history. The report assumes the moratorium is not extended, the Energy Information Administration said.
Next year output should fall 25 million barrels, or about 70,000 barrels per day, as the moratorium delays deep water projects, the EIA report said.
That represents less than 5 day's worth of overall U.S. production, expected to be about 5.38 million bpd next year, the EIA said in its monthly short term outlook.
This year the moratorium should reduce crude production about 2.4 million barrels, the EIA added.
This year's hurricane season should cut oil output more this year than than the moratorium will next year.
Hurricane season, which lasts from June through November, is expected to be more active than last year's mild one. Storms this year should shut in 26 million barrels of oil and 166 billion cubic feet of natural gas production, the EIA said.
However, the impact of of the storms on energy output this year should be far milder than in 2005 and 2008, the EIA said. This year's shut-in production should be half as bad as the 2008 season, when 54 million barrels were shut-in.
This year only about a quarter of the oil should be shut-in compared to the 2005 season when the Hurricanes Katrina and Rita devastated the Gulf Coast.
(Reporting by Timothy Gardner; Editing by Sofina Mirza-Reid)
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