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North Sea oil production cut by 300,000 bpd.
(From Lloyds List)
Byline: Two gas leaks force oil companies to halt production at platforms in the Norwegian and UK sectors, writes Martyn Wingrove
NORTH Sea oil production has been cut by almost 300,000 barrels a day after two gas leaks forced oil companies to close production platforms in the Norwegian and UK sectors.
Oil prices have soared to over $50 a barrel again on the back of these outages and fears that heating stocks are not high enough to meet strong demand expected in a harsh Northern Hemisphere winter.
Statoil closed production on the Snorre Alpha tension-leg platform in the northern North Sea after a gas leak in a production well, shutting in 200,000 barrels per day of production from the field and its satellite Vigdis.
US oil firm Marathon Oil was forced to close the Brae complex, shutting off the 80,000 bpd of production after a gas leak on Brae Alpha in the UK central North Sea.
Statoil, which evacuated 180 crew during the incident, has the well under control and is working to get the platform back on line before the end of this week.
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