News
Shell declares force majeure on Nigeria Forcados oil
Royal Dutch Shell declared force majeure on its Nigerian Forcados crude oil exports on Monday due to a sabotage attack on a major pipeline.
“The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has declared force majeure on its Forcados export programme for October, November and December 2011 as a result of production shutdown due to a sabotage leak on Trans Forcados Pipeline. The declaration took effect from noon today,” the company said in a statement.
“The leak was reported Oct 6, 2011 and a Joint Investigation Team found that it was caused by explosive damage. SPDC is working to repair the pipeline and resume production as quickly as possible.” The Anglo-Dutch oil major also lifted its force majeure on Nigerian Bonny Light crude exports, which it declared on Aug. 23.
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