London (Platts)--20Dec2012/600 am EST/1100 GMT
The UK's oil production fell to 684,565 b/d in October, down 32% on the same month of 2011, as planned maintenance on the large Buzzard oil field and at a processing terminal hampered output, the UK's Department of Energy and Climate Change said Thursday. Output of crude and natural gas liquids in the month totaled 2.92 million mt, DECC said citing preliminary data. The figure was higher, however, than a revised 2.44 million mt in September, when output levels marked a fresh low for the UK's declining oil production. The UK's oil production has been falling steadily from a peak of close to 2.82 million b/d in 1999. Last year, output fell 17% to an average of 1.07 million b/d. Article continues below...Platts 6th Annual European Oil Storage Conference21-22 January 2013, Amsterdam, The NetherlandsPlatts 6th Annual European Oil Storage conference will once again bring together leading terminal operators, EPCs, logistics and distribution companies, suppliers and service providers, regulatory bodies, and oil gas and petrochemical companies to discuss the most pressing challenges facing the industry. It provides an unrivalled opportunity for delegates to network, share best practice and learn what others in the storage industry are currently doing to maximise profitability in today's challenging market place
The UK's oil production fell to 684,565 b/d in October, down 32% on the same month of 2011, as planned maintenance on the large Buzzard oil field and at a processing terminal hampered output, the UK's Department of Energy and Climate Change said Thursday. Output of crude and natural gas liquids in the month totaled 2.92 million mt, DECC said citing preliminary data. The figure was higher, however, than a revised 2.44 million mt in September, when output levels marked a fresh low for the UK's declining oil production. The UK's oil production has been falling steadily from a peak of close to 2.82 million b/d in 1999. Last year, output fell 17% to an average of 1.07 million b/d.
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Platts 6th Annual European Oil Storage conference will once again bring together leading terminal operators, EPCs, logistics and distribution companies, suppliers and service providers, regulatory bodies, and oil gas and petrochemical companies to discuss the most pressing challenges facing the industry. It provides an unrivalled opportunity for delegates to network, share best practice and learn what others in the storage industry are currently doing to maximise profitability in today's challenging market place
Recently, production of natural gas liquids has been affected by maintenance at the UK's St Fergus gas terminal which receives and processes wet gas from over 20 North Sea fields. In October, the country's net imports of crude and oil products totaled 2.35 million mt, down from 2.65 million mt in September, but higher than the 2.12 million mt of net imports the year before, the department said. In the three months to October, the UK was a net importer of petroleum products by 0.9 million mt, the figures showed, with imports rising to 7.4 million mt from 6.6 million mt a year earlier. Refinery receipts of crude and NGLs from domestic production have fallen 42% in the three month to October compared with the same period a year earlier, reflecting the closure of former Petroplus' Coryton refinery and the "long term decline" of UK supply to refineries, DECC said.--Robert Perkins, robert_perkins@platts.com--Edited by Jeremy Lovell, jeremy_lovell@platts.com
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