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)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical & Piping Designer, Intermediate / Senior
Expertise: Mechanical Engineering|Piping Engineer
Location: Minneapolis, MN
United States Duncan MFG: Entry Level Electrical Assembler
Expertise: Electrical Technician
Location: Duncan, OK
United States Duncan MFG: Entry Level Machine Operator - Sr. Machine Operat
Expertise: Machinist
Location: Duncan, OK
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours