Nigeria’s revenue from crude oil now faces serious tension as Shell Plc and Eni parent company of Nigerian Agip Oil Company (NAOC) yesterday, declared force majeure following pipeline explosion.
The development, linked to pipeline vandalism, affected the crude oil export programme from Bonny Brass crude cargoes.
The two export futures stand at about 170,000 barrels a day next month.
Loading programme reported by Bloomberg had shown that the flows back in 2020 were planned at about 320,000 barrels a day.
“An incident occurred on the Ogoda/Brass 24 oil line at Okparatubo in Nembe Local Government Area of Bayelsa. The incident was caused by a blast, consequently causing a spill.
“All wells connected to that pipeline were immediately shut whilst river booms and containment barges were mobilised to reduce the impact of the spill.
The blast, which occurred a couple of days ago, resulted from an attack on the facility, Eni stated.
It was the second attack in the last three weeks after a similar incident on February 28 at Eni’s Obama flow station.
“Force Majeure has been declared at Brass terminal, Bonny NLNG and Okpai Power Plant,’’ Eni stressed.
The National Oil Spills Detection and Response Agency confirmed that Joint Investigative Visits on the two incidents had been conducted.
Source: Guardian