In an updated statement regarding the closure for repair of the Forties Pipeline System, Deirdre Michie, Chief Executive of Oil & Gas UK, said:
“We have been in touch with Ineos and are closely monitoring the situation. The shutting down of the Forties pipeline does cause significant issues for our industry, financially, operationally and commercially – 40% of oil production is now shut in and the resulting lost production is worth around £20m per day at current oil prices to industry. We hope this can be resolved safely and as quickly as possible.”
ENDS
Notes to Editors:
Issued by the Communications Team, Oil & Gas UK. Contact Communications Manager Jennifer Phillips on 01224 577279 / [email protected].