Cormorant Alpha Shutdown Costs $10 Mln Per Day (UK)
Oil & Gas UK has issued a statement with regard to the oil leak incident at the Cormorant Alpha platform in the UK North Sea. The organization has expressed support to the platform operator TAQA Bratani.
Mike Tholen, Oil & Gas UK’s economics director, said: “We estimate that oil usually produced from the fields that are currently shut down across the Brent Pipeline System accounts for about ten per cent of UK oil production. We have offered support to TAQA Bratani during the incident and await more information on how long the shutdown is likely to last.”
Cormorant Alpha handles approximately 90,000 barrels per day of crude oil. UK oil production is approximately 1 million barrels per day. At a price of $110/barrel, the lost production is worth approximately $10 million per day.
Offshore Energy Today Staff, January 16, 2013