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Antrim Energy Inc. announces production interruption at Causeway and Cormorant East fields in UK Northern North Sea

Thursday, Jan 17, 2013

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company")

Antrim today confirms that the export infrastructure system ("Export System") used by the Causeway Field ("Causeway) and Cormorant East Field ("Cormorant East") in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform. As a consequence, all production and associated pipeline infrastructure associated with the Cormorant Alpha platform are currently shut-in, including Causeway and Cormorant East.

Production from both Causeway and Cormorant East is processed at the North Cormorant platform operated by TAQA Bratani Limited ("TAQA") before being exported to the Cormorant Alpha platform. Besides the Causeway and Cormorant East Fields, the shutdown has affected a number of other platforms and over twenty other fields in the UK Northern North Sea. The Cormorant Alpha handles over 90,000 barrels per day of crude oil, which is transported through the Brent pipeline to the BP-operated Sullom Voe terminal for sale.

Source: Marketwire

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