Share Name Share Symbol Market Type Share ISIN Share Description
BP LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.70p +0.55% 492.75p 491.65p 491.75p 493.70p 488.05p 489.60p 25,667,533 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 151,274.1 -6,495.7 -24.0 - 90,602.65

PGNiG: Start Of Production At Norwegian Sea Skarv Field Delayed To 4Q 2012

25/04/2012 6:16am

Dow Jones News

Historical Stock Chart

5 Years : From Oct 2011 to Oct 2016

Click Here for more BP Charts.

Production at the Skarv oil-and-gas field in the Norwegian Sea has been delayed again, this time until the fourth quarter of this year, because continuous high waves have prevented pipe installation, Polish utility PGNiG SA (PGN.WA) said in a statement Tuesday.

"To link each production installation to the [floating production, storage and offloading] platform, three days of seas in which waves are no higher than two meters are required for each one," PGNiG said. "For all of winter, from November to March, such a window of favorable weather didn't occur."

Development of the Skarv field, owned by a consortium of BP (BP.LN), Statoil (STL.OS), E.ON Ruhrgas and PGNiG, has been hit with repeated delays, with production originally slated to begin in mid-2011. The start of production had most recently been postponed until the second quarter of this year.

PGNiG owns a 12% stake in the field, which is operated by BP.

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431;

1 Year BP Chart

1 Year BP Chart

1 Month BP Chart

1 Month BP Chart
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V:gb D:20161022 07:08:37