20 October 2017

Nigeria: Shell Lifts Force Majeure On Bonny Light Exports

Barely two days after Aiteo Eastern Exploration and Production Company announced the completion of repairs of the Nembe Creek Trunkline (NCTL), Shell Petroleum Development Company (SPDC) thursday lifted force majeure on exports of Bonny Light crude.

The NCTL and the Trans-Niger Pipeline (TNP) are the two major pipelines used by SPDC and some other producing companies to evacuate crude from the eastern Niger Delta to the Bonny export terminal.

The 600,000 barrels per day capacity, 100-kiloemtre NCTL built by SPDC and inaugurated in 2010, was sold by the oil major to Aiteo in 2015 as part of the divestments of its onshore assets.

But even though SPDC handed over the ownership and operatorship of the asset to the indigenous firm, the multinational company and other producers have continued to utilise the pipeline for crude evacuation.

Shell had declared force majeure on Bonny exports a month ago after Aiteo shut down the pipeline following a reported leak on the facility.

However, SPDC yesterday lifted the force majeure at noon local time (1100 GMT).

As one of Nigeria's major oil transportation arteries that evacuate crude from the Niger Delta, NCTL has a capacity to move up to 150,000 bpd of oil at Nembe Creek.

It equally has the capacity to evacuate up to 600,000bpd of liquids from the end point at Cawthorne Channel.


Suicide Bomber Attacks Borno Mosque, Kills Seven

A male suicide bomber has killed seven worshipers during morning prayer in a Mosque on Monday in Konduga Local… Read more »

See What Everyone is Watching

Copyright © 2017 This Day. 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 800 reports a day from more than 140 news organizations and over 500 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.