Nexen Halts Buzzard Flows on Technical Woes

In its fourth-quarter earnings report, field operator Nexen revealed that it has reduced output at its Buzzard oil field, located in the UK North Sea, due to a technical problem.

On February 16th, Nexen reportedly identified an item requiring repair to the separator unit on the Buzzard platform.

"We are currently investigating the cause and have temporarily reduced production volumes to 30,000 to 50,000 boe/d (gross)," Nexen said in a statement Thursday. "Preliminary findings suggest that Buzzard will be operating at these reduced rates for the next several weeks."

Discovered in May 2001, Buzzard is the largest oil find made in the North Sea in the last decade. For the fourth quarter 2009, Nexen reported that production at Buzzard averaged a gross 200,000 boed.