Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Nexen: Production Ramping Up On Buzzard Oil Field

change text size

LONDON--The operator of the U.K.'s Buzzard oil field said Friday that production from the field resumed during the last 24 hours and would be ramping up within the next two days.

Nexen Inc., a unit of China's CNOOC Ltd.(CEO), wouldn't comment on when Buzzard would reach full capacity. Production was impacted Monday after a steam release triggered an alarm.

A London-based trader said the outage had caused the front-month price of Brent to steepen relative to later months.

Nexen is the second largest oil producer in the U.K. North Sea, according to the company's website. In 2012, Buzzard generated 160,000 barrels a day of oil equivalent.

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


Post 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.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Nitrogen Pumper Equipment Operator Driver
Expertise: Fracturing|Supply & Distribution|Truck Driver
Location: Freeport, TX
Sr. Mechanical Design Engineer
Expertise: Workover or Completion
Location: Houston, 
Production Engineer
Expertise: Production Engineering
Location: Alvin, TX
search for more jobs