Tuesday 26 July 2016

ExxonMobil declares force majeure on Nigerian production


ExxonMobil  declared force majeure on its Qua Iboe production because of damage to its 300,000 barrel-per-day pipeline.

 The Niger Delta Avengers have claimed credit for the outage, but the oil major denied that its pipeline had been hit with any attack, instead citing a “system anomaly” as a reason for the outage.

 But a company security official told the Associated Press that the damage was too extensive to be a system anomaly. 

Either way, the disrupted supply could be offline for weeks. 
The outages in Nigeria continue to plague the oil majors operating in country, but the disruptions are supporting oil prices

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