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(AFX UK Focus): Shell suspends loading at Nigerian export terminal

Feb 19th, 2006
by admin.

2006-02-19 08:18 GMT:
LAGOS (AFX) – Energy giant Shell has suspended loading at an export terminal which handles an average of 380,000 barrels per day following an attack by militants, a company spokesman said Saturday.
The company also said that, following an attack on its Forcados export terminal in southern Nigeria in which nine foreign workers were kidnapped and an oil loading platform set ablaze, it was halting production in its EA field.
This will lead to a loss in production of 115,000 thousand barrels of oil per day, the firm said. Shell is already losing 106,000 barrels per day due to the closure of four plants following similar attacks last month.
Meanwhile, it has suspended loading at Forcados terminal, which handles around 380,000 barrels per day — depending on the arrival of supertankers to load — and has a capacity of 4 mln barrels.
A Shell spokesman said that no tankers were due to arrive at the offshore crude loading platform until next week, and it was not yet known whether the damage to the facility could be quickly repaired.
The firm also confirmed that there had been an explosion on an oil pipeline leading into the terminal from the delta creeks.
Nigeria is Africa's largest oil exporter, producing a total of around 2.6 mln barrels per day, but the wells and flow stations of the Niger Delta are vulnerable to attack from pirates and separatist militants.
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