Gulf Oil and Gas accountACCOUNT

Shutdown at North Sea Buzzard Oilfield likely to be moved to November

Source: Reuters 9/23/2015, Location: Europe

A planned shutdown of Britain's North Sea Buzzard oilfield is likely to be rescheduled to November from October, an industry source said, which would boost next month's supply of the crude that helps underpin the Brent benchmark.

Buzzard's output is closely watched by traders as the field is the biggest contributor to the Forties oil stream, the largest of the four North Sea crudes used in the global Brent oil benchmark.

The exact details of the rescheduling have yet to be confirmed, said the source, who gave no reason for the likely change of date.

Buzzard is operated by Nexen, a unit of Chinese state company CNOOC. Other field partners are Suncor Energy Inc and Britain's BG Group, which is being bought by Royal Dutch Shell.

Nexen, asked if the maintenance was still planned in October, had no immediate comment on Wednesday.

Buzzard pumps less than 0.2 percent of daily world oil supply but because it is the largest field contributing to Forties the field has a bigger impact on pricing than its size would otherwise justify.

The field had suffered from frequent unplanned shutdowns, leading to volatility in prices, but this year it has operated more reliably and average output has risen to about 168,000 barrels per day (bpd) as of early September.

Production News in United Kingdom >>

Azerbaijan >>  4/16/2019 -  SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 million cubic meters of natural gas annually ...
Nigeria >>  4/15/2019 - MX Oil plc, an oil and gas investing company quoted on AIM, announces the following corporate update: ...

Iraq >>  4/14/2019 - Dana Gas PJSC (the "Company"), the Middle East's largest regional private sector natural gas company, announces that during Q1 2019, Pearl Petroleum C...
Russia >>  4/9/2019 - Gazprom Neft Shelf has produced its 10-millionth tonne of oil at its Prirazlomnoye field a fact confirmed by Andrey Patrushev, Deputy CEO for Offsho...

Egypt >>  4/8/2019 - SDX Energy plc announces, the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development co...
Australia >>  4/4/2019 - TAG Oil Ltd. is pleased to report that its current gross daily rate of production is over 1,700 boe/d (80% oil) following the recent successful workov...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.