The InfoStride Forum

NEWS and REPORTS => Nigerian News => Topic started by: Shola Sholaz on Oct 18, 2013, 09:37 PM

Title: Shell Lifts Force Majeure On Nigerian Oil Exports
Post by: Shola Sholaz on Oct 18, 2013, 09:37 PM
Anglo-Dutch oil giant Shell on Friday lifted a force majeure on crude oil exports from Nigeria after repairing a supply pipeline that has been repeatedly sabotaged in the country's oil region.
.
Shell's subsidiary in Nigeria (SPDC) said it "lifted the force majeure on Bonny Light exports effective noon today...following repair of recent spill points on the Trans Niger Pipeline (TNP)."
.
Force majeure is a legal term releasing a company from contractual obligations due to circumstances beyond its control. Bonny Light is one of the main grades of crude produced in Nigeria.
.
The force majeure was declared on October 10 as a result of spills recorded on the pipeline in the volatile oil-rich Ogoniland.
.
Shell has since restored production of 150,000 barrels per day of crude shut in as a result of the incident.
.
"Joint investigation of the spills has now been completed and the various reports signed off by all participants," the company said.
.
Shell said it regretted the spills, adding that a detailed investigation of the root cause of the pipeline failure was underway.
Title: Re: Shell Lifts Force Majeure On Nigerian Oil Exports
Post by: Folami David on Oct 19, 2013, 12:11 AM
Let us just try our possible best to do things the right way in our country. It's becoming really stressful when we do things over and over again!