ConocoPhillips delivers first gas from North Sea Jasmine field

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP +0.6%) says it has started gas production from the Jasmine field in the U.K. North Sea, the largest discovery to come onstream in the North Sea since the giant Buzzard field began production in 2007.

Jasmine has the gross capacity to produce 140K boe/day in 2014; COP expects net production of ~40K boe/day.

COP is operator of the field and the largest shareholder with a 36.5% interest, while Eni (E) holds 33% and BG Group (BRGYY, BRGXF) has 30.5%.