By BENJAMIN ORISEMEKE, Abuja –
Italian oil company, Eni has announced the resumption of crude and gas exports after it lifted the force majeure it placed on its operations last week.
The explosion and a spill on March 14 cut exports of 25,000 barrels per day (bpd) of crude and gas from Eni’s Brass terminal in southern Bayelsa state.
A force majeure was then declared by the company’s local subsidiary, Nigerian Agip Oil Company (NAOC).
Force majeure is a clause that allows a company to skip contractual obligations following issues beyond its control.
An Eni spokesman said the company had now completed repairs of the damaged pipeline.
“Following the restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo… force majeure has been lifted at Brass terminal, Bonny NLNG and Okpai Power,” he said in a statement.
The company said the blast was the second after an incident on February 28 at its Obama flow station led to a production shortfall of 5,000 bpd.
Pipeline vandalism, sabotage and theft from Nigeria’s southern oil fields and pipelines are very common.
DISCLAIMER
The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.
Leave a Reply