LONDON - The North Sea Buzzard oil field, which had been pumping below capacity since last week, is "gearing up to full rates," and is now producing over 200,000 barrels a day, a spokeswomen from field operator Nexen said Wednesday.
The spokeswoman said that the scheduled maintenance work had been "pretty much wrapped up" on Monday.
The slow down at Buzzard didn't have a big market impact, traders said. However, a prolonged and total closure of the field in Autumn of 2012 did have major consequences for the U.K., helping to tip it back into recession in the fourth quarter.
Buzzard is the U.K.'s most productive oil field, and is therefore closely watched.
Copyright (c) 2012 Dow Jones & Company, Inc.
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