ConocoPhillips: Has Restaffed Magnolia Platform in U.S. Gulf

Date : 06/26/2012 @ 9:07AM
Source : Dow Jones News
Stock : Conocophillips (COP)
Quote : 50.25  0.54 (1.09%) @ 4:48PM

ConocoPhillips: Has Restaffed Magnolia Platform in U.S. Gulf

Conocophillips (NYSE:COP)
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HOUSTON--ConocoPhillips (COP) said Tuesday it had safely restaffed its Magnolia offshore platform in the U.S. Gulf of Mexico, after tropical storm Debby moved out towards Florida.

The facility was inspected and "normal operations are now under way to restore production," Conoco said on its website.

Last year, the platform produced 5,000 barrels of oil equivalent a day, 75% of which belonged to Conoco.

The National Hurricane Center said Debby was about 85 miles west of Cedar Key, Fla., moving slowly eastward with maximum sustained winds of 45 miles per hour. The NHC said the center of the storm would move over the northern part of the state "in the next day or two."

Write to Angel Gonzalez at angel.gonzalez@dowjones.com

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