off-the-wire

UPDATE 2-Norway's Sverdrup oil production suffers outage

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Updates with Equinor comments) OSLO, Feb 6 (Reuters) -


Equinor said on Monday it had halted oil production at its Johan Sverdrup Phase 1, the North Sea's largest producing field, due to a technical fault in a cooling system.


Sverdrup's Phase 2 is producing oil as normal, an Equinor spokesperson said.


Sverdrup 1 has a capacity of around 535,000 barrels of oil per day (bpd), Equinor data showed, while Sverdrup 2 can produce up to 185,000 bpd.


Power supply to the Johan Sverdrup field was reduced on Monday due to a technical failure, Nordic power exchange Nordpool said. The outage is expected to last for 2-3 days, with a preliminary restart set for mid-day on Feb. 8, according to the Nordpool filing. (Reporting by Nerijus Adomaitis, writing by Terje Solsvik, editing by Essi Lehto and Jason Neely)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.