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    market news

    BP Halts Production at Ula Field Following Leak

    Charlotte McLeod
    Sep. 18, 2012 12:29PM PST
    Oil and Gas Investing

    Reuters reported that BP plc (LSE:BP) closed its Norwegian Ula field following a potentially dangerous leak last week. BP will not resume production until it knows what caused the problem.

    Reuters reported that BP plc (LSE:BP) closed its Norwegian Ula field following a potentially dangerous leak last week. BP will not resume production until it knows what caused the problem.

    As quoted in the market news:

    “A substantial escape of hydrocarbons occurred on the Ula field in the Norwegian North Sea on 12 September,” the PSA [Norway’s Petroleum Safety Authority] said.

    “No people were injured and no damage caused to the installation beyond the equipment directly involved. But the PSA considers the incident to have had a substantial potential.”

    Click here to read the full Reuters report.

    lse:bpmarket news
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