LONDON – Maintenance at the major North Sea Buzzard oil field has overrun, and the field is now expected to resume oil production this weekend, a spokeswoman for Nexen Inc., the field's operator, said Tuesday.
The delay has resulted in one November cargo, F1104, being dropped from the Forties loading program, North Sea crude traders have said. The cargo was Nexen's equity, according to the traders.
Forties is the main component of global benchmark Brent, used to price most of the world's oil. Issues at Buzzard, the largest Forties field, tend to provide strong support to Brent oil futures.
"Our original plan was to resume production in mid October," Patti Lewis, the Nexen spokeswoman, told Dow Jones Newswires. "This schedule has slipped slightly, with us now targeting oil production this coming weekend."
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you