Production Halted At 2 North Sea Platforms After Main Pipeline Shutdown
Fun Trading: 18 Dec 2017
Summary
- Shell announced that production from the Shearwater and Nelson platforms in the central North Sea had been suspended due to Forties pipeline shutdown.
- Forties pipeline is a vital artery of the North Sea production. Production loss is estimated at about 400K Boep/d which is significant and may boost oil prices for weeks.
- This situation could be considered as a net positive for Shell and other oil majors.
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Posted in: BP, Exxon Mobil, Oil, Oil Prices, Royal Dutch Shell Plc, Shell.
Tagged: BP · ExxonMobil · Oil · Oil Prices · Royal Dutch Shell Plc · Shell