Saudi Aramco has shut part of its Safaniyah offshore oil field after a main power cable was cut by a vessel’s anchor, a source familiar with the matter said on Feb. 15.
The shutdown occurred about two weeks ago, the source said, adding there had been progress in repairs. The source said the situation was “under control.”
Saudi Aramco said in a statement that all of its facilities and operations, including the Safaniyah offshore oil field, were safe and normal.
Energy Intelligence first reported the incident.
Safaniyah is the largest offshore oil field in the world, with a capacity of more than 1 million barrels per day.
Brent crude oil prices hit 2019 highs above $65 per barrel on Feb. 15, spurred by supply cuts led by OPEC and the partial shutdown of the Saudi Arabian oil field.
Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.87 a barrel by 1000 GMT, up about 0.4% from the last close.
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