ConocoPhillips Reports First Gas Production From Jasmine Field

(RTTNews) - ConocoPhillips (COP) on Wednesday announced first gas production from the Jasmine field in the United Kingdom, Central North Sea on November 19.

"The startup of Jasmine represents another important milestone for ConocoPhillips and builds upon the recent successful startup of Ekofisk South in Norway and the Christina Lake Phase E oil sands project in Canada," said Matt Fox, executive vice president, Exploration and Production. "Jasmine is one of several major growth projects that will contribute to ConocoPhillips' 3 to 5 percent production growth rate through 2017."

Jasmine was discovered in 2006 by ConocoPhillips as operator, together with its co-venturers Eni and BG Group, and is one of the U.K.'s largest discoveries in the last 10 years. The Jasmine facility has the gross capacity to produce 140,000 barrels of oil equivalent per day. In 2014, ConocoPhillips expects net production to be about 40,000 BOED.