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UPDATE 1-Moratorium to cut 25 mln bbls of 2011 US crude-EIA

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Tue Jun 8, 2010 1:28pm EDT

 (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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