Buzzard Production Levels to Return to Normal by Midweek
LONDON--Production from the key U.K. Buzzard oil field should resume by midweek after it experienced an outage over the weekend, the field operator said Monday.
Nexen Inc., a unit of China's Cnooc Ltd. (CEO), said: "We are now preparing to restart the plant and expect production to return to normal levels by mid-week."
Production over the weekend at Buzzard, which Nexen says is the second-largest oil producer in the U.K. North Sea, was intermittent due to equipment failure.
A London-based trader said Nexen operators were trying to restart the field Monday.
In 2012, Buzzard generated around 160,000 barrels a day of oil equivalent.
A prolonged and total closure of the field in 2012 had major consequences for the U.K., helping to tip it back into recession in the final three months of the year.
Extractive industries, which include mining and quarrying but to which North Sea oil and gas comprise the bulk, contribute 2.4% of total U.K. gross domestic product, according to the Office for National Statistics.
Oil from Buzzard flows to shore via the Forties pipeline system.
WHAT DO YOU THINK?
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.
Operates 2 Offshore Rigs
- Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill (Jul 06)
- Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks (Mar 30)
- UKCS Oil, Gas Extraction Drops 10% (Dec 08)