Security Tension in N. Delta Disrupts oil production recovery – Shell.
Stephen U.C, Petroleum news, Portharcourt
Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.
The warning underlines the enduring threat of attacks even as production recovers from a major militant campaign in 2016. Igo Weli, general manager for external relations at Royal Dutch Shell Plc’s local unit made this known recently.
Shell declared force majeure on Bonny Light crude shipments last month following pipeline leaks, while loadings of Forcados exports were also delayed. Weli didn’t specifically link those incidents to his comments on vandalism.
Militant assaults on Nigeria’s oil infrastructure in 2016 cut the country’s output to less than 1.4 million barrels a day, the lowest in 27 years. While there hasn’t been a major attack since, the security situation in the oil region remains fluid, according to Weli.