As predicted earlier, Royal Dutch Shell said it has lifted force majeure on Bonny Light crude oil exports at noon local time (1100 GMT) on Thursday, a spokesman told Reuters.
It would be recalled earlier in the week that Royal Dutch Shell had hinted that it will lift the force majeure declared force majeure one month ago following the shutdown of the Nembe Creek Trunk Line, one of the two main pipelines taking
Bonny Light grade to the export terminal. Exports have been continuing via the Trans Niger Pipeline.
According to Reuters News, Aiteo, operator of the NCTL, said on Tuesday that repairs to the pipeline had been completed.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) is the largest Shell company in Nigeria and produced the country’s first commercial oil exports in 1958. SPDC is the operator of a joint venture (the SPDC JV) between the government-owned Nigerian National Petroleum Corporation – NNPC (55% share), SPDC (30%), Total E&P Nigeria Ltd (10%) and the ENI subsidiary Agip Oil Company Limited (5%). It is focused on onshore and shallow water oil and gas production in the Niger Delta.
Shell Nigeria Exploration and Production Company (SNEPCO) operates the Bonga field, Nigeria’s first deepwater oil discovery. The Bonga facility has the capacity to produce more than 200,000 barrels per day of oil and 150 MM standard cubic feet of gas per day.
Shell Nigeria Gas (SNG) is the only international oil and gas company to set up a gas distribution company in Nigeria to supply industry customers.
Nigeria LNG (NLNG) is a joint venture incorporated in 1989 to produce LNG and natural gas liquids for export. It was Nigeria’s first LNG project. Shell holds a 25.6% share, together with NNPC (49%), Total (15%) and ENI (10.4%).
The SPDC JV’s assets include around 50 producing oil fields, a network of approximately 5,000 kilometers of oil and gas pipelines and flowlines, five gas plants and two major oil export terminals (Bonny and Forcados)