Ineos says Forties oil pipeline repair timeframe unchanged

LONDON (Reuters) – The timeframe to repair Britain’s Forties pipeline in the North Sea remains two to four weeks, its operator Ineos said on Tuesday, adding that repair options were still being assessed.

The system, which carries around 450,000 barrels per day of Forties crude to Britain, along with a third of the UK’s total offshore output, has been closed since Dec. 11 after a crack was found.

“There’s a number of options that we’re pursuing,” Ineos spokesman Richard Longden said. “The timescale stays the same – two to four weeks from the 11th.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.