North Sea Crude-Ekofisk differential firms
LONDON, June 26 (Reuters) - The differential for Ekofisk firmed on Monday as the amount of crude in floating storage reduced slightly, though action on the key Forties grade was relatively muted.
* EnQuest (Frankfurt: 3EQ.F - news) has started oil production from the Kraken field in the North Sea, the latest addition to the ageing oil and gas basin that has enjoyed a revival despite a drop in crude prices. The field delivered its first oil on June 23 and is expected to produce 50,000 barrels per day at its peak.
* A little more than 6 million barrels of North Sea crude were in floating storage, down from close to 9 million barrels last week, Reuters ship-tracking data showed.
WINDOW SUMMARY
* There were no deals done.
* Unipec offered a cargo of Forties at dated Brent minus 25 cents a barrel off the Primero tanker loading July 10-14.
* BP offered a cargo of Ekofisk loading July 11-13 at dated Brent minus 10 cents a barrel.
* Statoil (LSE: 0M2Z.L - news) withdrew an offer for Ekofisk at dated Brent minus 5 cents a barrel for loading July 12-14.
* Total (LSE: 524773.L - news) withdrew bid for a cargo of Ekofisk loading July 18-25 at dated Brent minus 20 cents a barrel. (Reporting By Julia Payne; Editing by David Goodman)