ConocoPhillips to Shut 3 North Sea Gas Fields

LONDON - ConocoPhillips will close its J-Block natural-gas operations in the U.K. North Sea for 10 days from April 8, the company said Thursday.

In a notice on its website, ConocoPhillips said the shut-down, which is weather dependent, will involve the Judy/Joanne, Jade and Jasmine fields, which together supply between 4.5 million and 5 million cubic meters of gas a day.

Last week, the U.K. government issued a statement to reassure consumers that the country's supply of natural gas would be sustained, despite the closure of a crucial pipeline connected to mainland Europe, during an ongoing period of unseasonably cold weather, and the low volume of gas in storage.

Also Thursday, Houston, Tx.-based ConocoPhillips said its onshore Teesside Oil Terminal, in northeast England, will close from July 3 to July 27. Crude oil and natural gas liquids from J-Block and the Greater Ekofisk Area fields are delivered to Teesside, at a rate of between 9.5 million and 10.7 million cubic meters a day.

Copyright (c) 2012 Dow Jones & Company, Inc.


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