Shell shuts down production in Norwegian oil field
January 20, 2005
Royal Dutch/Shell Group of Cos. has shut down its 140,000 barrel-per-day Draugen offshore oil field because of damage to its oil-loading equipment, the Associated Press reports. At the Draugen field, damage to loading equipment slowed transfers of oil to tankers to the point that the platform''s storage tanks were full, and production had to be shut down. The damage had forced Shell to cut production to 75,000 barrels-per-day in the field in the Norwegian Sea, but had shut down completely because bad weather prevented repairs. The shutdown means that Norway has lost nearly 11 percent of its normal capacity of roughly 3.2 million barrels per day. Norway is the world''s third largest oil exporter after Saudi Arabia and Russia.