Nexen Green Lights North Sea Buzzard Expansion

摘要

China National Offshore Oil Corp. (CNOOC) subsidiary Nexen Petroleum UK and its partners have sanctioned the second phase development of the UK North Sea’s biggest producing oil field, Buzzard, aimed at maintaining output until 2043. The project will tap an additional 300 million barrels of reserves in the northern part of the field with first oil anticipated in the first quarter of 2021.