Nexen Restores Buzzard's Oil Flows

Nexen has restored production at Buzzard to full rates of between 200,000 and 220,000 boe/d (86,000 and 95,000 boe/d, net to us). Buzzard had been flowing at reduced rates of 50,000 boe/d (gross) since Feb 16th after routine monitoring identified an item requiring repair to the separator unit on the Buzzard platform.

In the second quarter, Nexen plans further activities on the separator unit, which will coincide with a planned one to two week shutdown to install the topsides of the fourth platform.