Production from Apache's North Sea Forties Field Temporarily Halted

Apache said that a technical problem at BP's Kinneil processing plant in Scotland temporarily shut down the Forties Pipeline yesterday at approximately 3 p.m., London time. The shutdown of the United Kingdom's largest pipeline, which flows approximately 600,000 barrels per day of oil equivalent, caused a number of North Sea fields to shut in, including Apache's Forties Field. Apache's production from Forties represents in excess of 10 percent of the pipeline's throughput.

BP said it expects to bring the system back on line later today. However, further delays could be important to Apache, as Forties Field accounts for approximately 14 percent of Apache's total production on a barrel-equivalent basis.