Brent Charlie Platform to Restart Production in 1Q04

Shell said that its Brent Charlie platform in the North Sea should be able to resume production in the first quarter of this year.

"Production from Brent Charlie is expected to recommence in the first quarter of 2004," Shell said in its 2003 results statement. Restarting the field would allow some 35,000 barrels of oil per day to flow into the Brent stream.

Charlie normally produces 8,000 barrels a day of oil and 6.1 million cubic feet of gas. It is one of four Brent platforms that were closed in September after a fatal accident, the other three of which have since resumed production.

But production from the larger Penguins field is also dependent on Brent Charlie operations. Penguins produces around 27,000 barrels of oil equivalent per day, and opening the Charlie platform up should clear the way for a Penguins restart.
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Brent Crude Oil : $54.33/BBL 0.81%
Light Crude Oil : $51.5/BBL 1.29%
Natural Gas : $3.75/MMBtu 1.35%
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