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North Sea Crude-Ekofisk outage to have 'insignificant impact', Conoco says

ReutersOct 24, 2025 5:20 PM

- The outage on a platform in the North Sea Ekofisk area will have an "insignificant impact" on oil and gas production, operator ConocoPhillips said on Friday.

EKOFISK PLATFORM SHUT

Production at the Ekofisk 2/4 K oil and gas platform in the North Sea is shut, TV2 Norway reported on Thursday, citing operator ConocoPhillips.

"Preliminary assessments indicate minor impact on the platform structure," a spokesperson for the U.S. oil company said in an emailed statement.

PLATTS WINDOW

Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

No trades of benchmark grades on Friday, a trade source said.

On Thursday, TotalEnergies had bid for a Johan Sverdrup cargo at dated Brent minus 80 cents. Sverdrup is not one of the six crudes that can set the dated Brent benchmark.

NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 
                    0#BFO-DIF     0#C-E 
Dated BFO       BFO- 
Brent           BFO-BRT       BFO-E 
Forties         BFO-FOT       FOT-E 
Oseberg         BFO-OSE       OSE-E 
Ekofisk         BFO-EKO       EKO-E 
 Monthly North Sea crude loading programmes     O/LOAD 
 OPEC OPEC                NSEA  North Sea 
 CRU  crude oil           PROD  oil products 
 DRV  derivatives         PRO/E European products 
  OILOIL  NYMOIL, IPEOIL, OILSPD, OILARB 
CRDWLDPRODEUR, PRODUS, APROD 
ENERGY energy speed guide   CRUDE/1 crude speed guide
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