Tag Archives: Karsto processing plant

Karsto gas processing facility on 27 August-17 September will potentially shut-in up to 260,000 b/d of Norwegian crude (Argus)

North Sea benchmark robustness questioned

Loadings of the four BFOE grades averaged 885,000 b/d in the first seven months of this year, down from 895,000 b/d in January-July 2015. And a further decline is expected in August-December, as the month-long September shutdown of the UK’s largest field — the 180,000 b/d Nexen-operated Buzzard — hits Forties output, while the closure of the Karsto gas processing facility on 27 August-17 September will potentially shut-in up to 260,000 b/d of Norwegian crude.

Forecast UK production of 950,000 b/d in the second half of this year is 12pc lower than in January-June, while Norwegian output will fall to 1.91mn b/d in July-December from 1.97mn b/d in the first six months of 2016, according to the IEA. The Norwegian Petroleum Directorate expects Norwegian liquids production of 1.88mn b/d in the second half of this year, compared with output of 1.99mn b/d in January-June. Full story here.

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