Production at the Valhall oil platform in the Norwegian sector of the North Sea, damaged in a July 13 fire, resumed Saturday and will continue to ramp up over the coming days, BP said Monday.
Before the fire, production at the facility stood at 42,000 barrels a day of Ekofisk crude. Ekofisk is the second-largest component of global benchmark Brent, which is used to price more than half of the world’s oil.
“All reviews and assurances were completed successfully,” a BP spokesman said.
Major supply disruptions to Forties crude, the main component of benchmark Brent, have boosted both physical oil prices and Brent futures in recent months.
