Nexen Buzzard Oil Field to Come Onstream

Nexen Inc.'s Buzzard oil field in the UK North Sea is expected to come online later this month. In October, the partners in Buzzard said they expected commercial oil flows to begin in November, but they later pushed back the date to the end of the year.

"We are currently in the final stages of the hook up and commissioning of the production facilities. Progress is slightly behind plan due to the severe weather conditions currently being experienced in the area," Nexen announced.

In the first quarter of 2007, the field is expected to produce 85,000 barrels of oil equivalent a day, and between 2007 and 2008 it is expected to reach peak production of 190,000 to 200,000 barrels a day.

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Posted 06/12/06

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