7 February 2013

Nigeria: MPN Declares Force Majeure

Mobil Producing Nigeria, operator of the Nigerian National Petroleum Corporation, (NNPC)/MPN Joint Venture today confirms that it has declared a Force Majeure due to the difficulty in meeting projected liftings because of repair work on a section of the joint venture's pipeline.

Force Majeure is a legal term that absorbs suppliers from responsibility for inability to meet target schedules.

We are working to minimize down-time and have notified appropriate regulatory agencies and purchasers. We regret any inconveniences this may cause our customers.

MPN continues to produce oil from the facilities that are not covered by Force Majeure. Qua Iboe terminal is operating, the company said.

Copyright © 2013 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.