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Statoil suspends new platform in North Sea, cuts output by 140,000 bpd UPDATE.

Europe Intelligence Wire

| October 18, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

(Updates with comments from spokesman)

OSLO (AFX) - Statoil ASA said it is to suspend production from its Heidrun platform in the North Sea due to bad weather, cutting daily production by 140,000 barrels of oil and 23 mln cubic metres of gas.

The latest closure is related to the same safety problems with evacuation lifeboats that saw the Statoil-operated Snorre A platform also suspend production last week.

While a good weather contingency plan at Heidrun has been approved while the necessary work is carried out, the current severe wind conditions has made the plan untenable.

A spokesman for Statoil said it …

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