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BusinessDayOnline (Nigeria): ‘Problem at Shell Bonny terminal affecting oil exports’

22 January, 2008 12:00:00

The Nigerian National Petroleum Corporation said a “problem” at the Bonny export terminal, operated by the local unit of Royal Dutch Shell plc, has delayed some crude shipments and is being resolved.

Force majeure has not been declared, NNPC spokesman Levi Ajuonuma said, referring to the legal clause that allows a company to miss contracted deliveries because of circumstances beyond its control. State-owned NNPC owns 55 percent of Shell’s Nigerian venture. Shell holds 30 percent, Total SA has 10 percent and Eni SpA owns 5 percent.
Ajuonuma didn’t specify the nature of the problem affecting the export terminal, the country’s oldest. Nigeria, Africa’s biggest oil producer, pumped an estimated 2.15 million barrels a day in December, according to data compiled by Bloomberg.

Caroline Wittgen, a spokeswoman for Shell, confirmed that no force majeure had been declared. When asked whether there was any reduction in exports from Bonny, Wittgen said the company doesn’t “comment on details of crude-oil liftings.”

Shell’s Nigeria venture on January 14 declared a delay on exports from the Forcados export terminal. The move followed a January 9 attack on an oil-export pipeline.

The Shell venture has repeatedly been targeted by militants over the past two years. Raids in February 2006 by the Movement for the Emancipation of the Niger Delta (MEND), forced the company’s Nigerian unit to halt output of about 500,000 barrels a day, almost a fifth of the country’s production.

http://www.businessdayonline.com/energy/2651.html

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1 Comment on “BusinessDayOnline (Nigeria): ‘Problem at Shell Bonny terminal affecting oil exports’”

  1. #1 Alex refsnes
    on Feb 20th, 2008 at 12:44

    Dear Sir,

    I have a Pending contract with Lavi International Corp due to the Bonny terminal problem.
    When are they likely to resume for the crude oil export in the Bonny Shell terminal?

    Alex Refsnes.

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