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Article: Boost for North Sea as buzzard up and running
- Article from:
- Press and Journal, The Aberdeen (UK)
- Article date:
- January 9, 2007
- Author:
CopyrightCopyright 2007 Press and Journal, The Aberdeen (UK). Provided by ProQuest LLC. (Hide copyright information)
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The giant Buzzard field in the UK North Sea has now come on
stream, after bad weather prevented it coming into production before
the end of last year.
It is one of the largest oil discoveries to be developed in
British waters in more than a decade, with gross recoverable reserves
of around 550million barrels of oil equivalent.
Peak production of 200,000 barrels a day is expected to be
achieved during the first half of 2007.
Canadian firm Nexen is the operator of the field, which was
brought on stream at a cost of around pounds1.5billion.
Charlie Fischer, the company's chief executive, said: "The
Buzzard development is a key component of our North Sea growth
strategy that will generate ...