North Sea Buzzard oil field flows rise through Forties ipeline
BY CASSIE WERBER
LONDON--The key North Sea Buzzard oil field, which saw a dip in production earlier in March due to scheduled maintenance, is ramping back up and last week contributed the highest volumes into the delivery system for a month, data from BP show.
Buzzard is the largest oil field in the North Sea. In Autumn 2012, scheduled maintenance ran over, resulting in seven weeks when no oil at all flowed from the field. The closure helped push the U.K. economy into contraction during the final quarter 2012.
Oil from Buzzard flows to shore via the Forties Pipeline System.
Data released Thursday show that 39% of the oil entering the pipeline came from Buzzard in the week ending March 10. During recent maintenance the volume of Buzzard oil entering the pipeline fell to 19% in the week ending March 3.
The average percentage was 45% in the second quarter of 2012, the last quarter before that year's major outage.
The pipeline, operated by BP, has the capacity to carry over 1MMbopd. Oil and gas liquids from over 50 offshore fields flow into the system, but Buzzard is by far the largest contributor.
Dow Jones Newswires