Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Top UK oil field Buzzard to restart mid-December after repair: Nexen

Bunker Fuel | Oil | Crude Oil | Refined Products | Shipping | Marine Fuels

"The secret of politics? Make a good treaty with Russia."

Oil

Platts Market Data – Oil

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Oil

UK's Forties pipeline shutdown adds to North Sea disruption

Top UK oil field Buzzard to restart mid-December after repair: Nexen

London — China-owned Nexen expects to complete repairs and restart production at the UK's largest producing oil field Buzzard in mid-December, it said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Buzzard, which produced around 130,000 b/d of crude in the first six months of 2018 and feeds the country's main export stream, Forties, has been shut down for more than two weeks due to corroded pipework discovered on the facility's "topsides."

"We anticipate that production on Buzzard will restart mid-December," Nexen, a Calgary-based subsidiary of CNOOC, told S&P Global Platts.

Buzzard accounts for around 13% of UK oil production, or about 30% of Forties flows, loaded at Hound Point on the Scottish coast. In recent years much of the crude has been bound for Asian markets.

A planned inspection identified "corrosion under insulation," a common problem at North Sea facilities, and no spill or injuries had occurred, Nexen said on November 26.

Forties is one of the crude blends used by Platts in its Dated Brent price assessment.

--Nick Coleman, nick.coleman@spglobal.com

--Edited by Maurice Geller, maurice.geller@spglobal.com