Nordics: Oilfield Closures To be Shortlived

Reaction to the Norwegian Oil field closures should be fairly short lived as news surfaced of the reason being inadequate lifeboat standards. Comments from Royal Dutch Shell suggest a closure period of no more than 2 weeks giving them sufficient time to carry out corrective measures and start pumping again. Statoil comment that the closure period for their platform would be even less. The combined impact of both field closures amounts to around 280,000 barrels per day.