UK: Buzzard Platform Operates at Reduced Rates Due to Cooling System Issue, Nexen Says

Nexen advises that its Buzzard platform in the North Sea, is operating at reduced rates due to problems with the platform’s cooling system.

A permanent solution has been identified and production is expected to be variable until the repairs are completed this summer.

The Buzzard field is located in the Outer Moray Firth, central North Sea, 100km northeast of Aberdeen.

Nexen Inc. is an independent, Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. Nexen is focused on three growth strategies: oil sands and shale gas in Western Canada and conventional exploration and development primarily in the North Sea, offshore West Africa and deepwater Gulf of Mexico. Nexen adds value for shareholders through successful full-cycle oil and gas exploration and development, and leadership in ethics, integrity, governance and environmental stewardship.

Source:Nexen , May 9, 2011

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