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Woodside to suspend Australia's Vincent oil output for one year from May - traders

Published 05/03/2018, 07:08 pm
Updated 05/03/2018, 07:10 pm
© Reuters.  Woodside to suspend Australia's Vincent oil output for one year from May - traders
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SINGAPORE, March 5 (Reuters) - Woodside will suspendproduction of its Vincent crude oil for a year starting from Mayas the floating, production, storage and offloading (FPSO) unitfor the field undergoes maintenance, two traders thatparticipate in the market said on Monday.

The Ngujima-Yin FPSO will be leaving station from theVincent field, located offshore of the state of WesternAustralia, from May for modifications ahead of forecast GreaterEnfield production from the middle of 2019, a spokeswoman frommajority stakeholder Woodside Petroleum told Reuters in anemail. The spokeswoman did not comment directly on the field'soutput.

The Vincent project is 60 percent owned by Woodside and 40percent by Mitsui E&P Australia.

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