BP: Valhall North Sea Oil Platform Restarted Saturday
LONDON (Dow Jones Newswires), Sep. 19, 2011
Production at the Valhall oil platform in the Norwegian sector of the North Sea, damaged in a July 13 fire, resumed Saturday and will continue to ramp up over the coming days, BP said Monday.
Before the fire, production at the facility stood at 42,000 barrels a day of Ekofisk crude. Ekofisk is the second-largest component of global benchmark Brent, which is used to price more than half of the world's oil.
"All reviews and assurances were completed successfully," a BP spokesman said.
Major supply disruptions to Forties crude, the main component of benchmark Brent, have boosted both physical oil prices and Brent futures in recent months.
Copyright (c) 2011 Dow Jones & Company, Inc.
Operates 33 Offshore Rigs
- Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
- Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps (Dec 21)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)