Following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL), Shell Petroleum Development Company Joint Venture (SPDC JV) has declared force majeure on Bonny Light exports effective August 27, 2015.
This is contained in a statement signed its Corporate Media Relations Manager, Precious Okolobo, that a leak was reported on the TNP at Oloma in Rivers State, while the NCTL was shut down for the removal of crude theft points.
The statement further reads: “SPDC is working to repair and reopen the two lines as quickly as possible,” the statement said.
SPDC is the operator of a Joint Venture Agreement involving the Nigerian National Petroleum Corporation (NNPC), which holds 55%, Shell 30%, Total Exploration and Production Nigeria Limited (TEPNG)10% and Nigerian Agip Oil Company limited (NAOC) 5%.
By Ekate Obasi