Nexen: Planned Works Reduce Flow at North Sea's Buzzard Oilfield
LONDON, April 24 (Reuters) – Output from Britain's Buzzard oilfield in the North Sea has fallen due to planned maintenance and construction work, its operator Nexen confirmed.
"The work is expected to last for five days, during which time the field will be operating at a reduced flow rate," Nexen confirmed in a statement sent to Reuters late on Wednesday.
Buzzard is the biggest contributor to the Forties crude stream, one of the four benchmark crudes underpinning the price of Brent crude oil futures.
Traders reported on Wednesday that production had been cut by about 50,000 barrels per day (bpd) from Buzzard's usual 200,000 bpd operating rate.
(Reporting by Claire Milhench; editing by Jane Baird)
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