Business

After one month of production shutdown, NNPCL restores crude oil at Forcados Terminal

*After one month of production shutdown, NNPCL restores crude oil at Forcados Terminal*

 

 

NNPCL– Hope for an increase in crude oil production has been rekindled as Nigeria’s crude oil production is expected to rise by at least 350,000 barrels per day, THE WHISTLER reports.

 

 

 

 

This is as a result of the decision of the Nigerian National Petroleum Company Limited (NNPCL) to resume operations at the Forcados Terminal.

 

 

 

The implication of this is that the NNPC is getting very close to the August target of 1.8 million barrel per day oil projection target.

 

 

 

This development is coming after a month of outage of the Trans Niger Pipelines System due to repairs at the Aleto section and loading systems leak at the Forcados export terminal.

 

 

 

Both terminals are operated by Shell Petroleum Development Company (SPDC).

Exports from Forcados which was scheduled to ship about 225,000 barrels per day (bpd) in July, were halted on the evening of July 12 due to observed leaks on a single buoy mooring where oil was being loaded onto a vessel.

A single buoy mooring is essentially a floating loading facility, allowing huge tankers to dock offshore and discharge cargoes.

According to the newspaper, a source at the NNPCL revealed that injections into the terminal were reduced following the report, but no force majeure was announced.

The source said that the cause of the suspension was identified by a collaborative investigation involving the NNPCL Upstream Unit, SPDC, Nigerian Upstream Petroleum Regulatory Commission and representatives of relevant stakeholders as well as government agencies.

The disruption of Forcados loadings, according to the report, led to the deferment of about 250 000 barrels day production thus responsible for Nigeria’s reduction in OPEC crude oil output in July.

Recall that the Trans Niger Pipeline system was shut down due to spill at Aleto, near Eleme, Rivers State.

We further learnt that the 180,000 barrel per day pipeline is one of two conduits to export Bonny Light crude.

The outage of the TNP, it was gathered, led to deferment of over 120,000 barrel per day production from Nigeria.

The newspaper further gathered that the total crude oil production deferments from both Bonny and Forcados terminals are over 350, 000 barrels per day.

These outages, it was further learnt, largely contributed to Nigeria’s low crude oil production levels of 1.29 million bpd in July, as reported by the latest report by the Nigerian Upstream Petroleum Regulatory Commission.

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

Family Accuses Kwara Police of Torturing Man to Death Over Debt, Investigation Underway

Family Accuses Kwara Police of Torturing Man to Death Over Debt, Investigation Underway   The…

2 hours ago

Seven Dead in Light Aircraft Crash in Jalisco, Mexico

Seven Dead in Light Aircraft Crash in Jalisco, Mexico   At least seven people have…

2 hours ago

Ayra Starr’s Mother Sparks Buzz with Confession About Her Mystery Crush

Ayra Starr’s Mother Sparks Buzz with Confession About Her Mystery Crush   The mother of…

3 hours ago

Oriyomi Hamzat Speaks Out on Ibadan Funfair Stampede, Blames Parents for Chaos

Oriyomi Hamzat Speaks Out on Ibadan Funfair Stampede, Blames Parents for Chaos   Media personality…

3 hours ago

Self-Anointed Financial Guru, Geh Geh, Celebrates the Launch of His Luxury Hotel

Self-Anointed Financial Guru, Geh Geh, Celebrates the Launch of His Luxury Hotel   Popular financial…

3 hours ago

CAN Calls for Compassion and Crowd Management Reform After Stampede Tragedy In Anambra, Oyo State

CAN,ib   In the wake of the tragic stampede at Holy Trinity Catholic Church in…

4 hours ago