Sunday, April 18, 2021
More
    HomeOil & EnergyOPECShell laments over rising attacks in Nigerian oil facilities as oil output...

    Shell laments over rising attacks in Nigerian oil facilities as oil output recovers

    By Elisha Bala-Gbogbo

    Security in delta region remains ‘major concern,’ manager says

    Company’s local output averaged 631,000 barrels a day in 2017

    Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.

    “Security in parts of the Niger delta remains a major concern with persisting incidents of criminality, kidnapping and vandalism as well as onshore and offshore piracy,” said Igo Weli, general manager for external relations at Royal Dutch Shell Plc’s local unit. The warning underlines the enduring threat of attacks even as production recovers from a major militant campaign in 2016.

    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.

    “Facilities operated by both indigenous and international oil companies continue to be vandalized by attacks and other illegal activities such as crude-oil theft,” he said by email. “We are continuing to monitor the situation to mitigate any exposure and minimize risks faced by our personnel.”

    Shell pumped an average of 631,000 barrels a day in Nigeria last year, about a third of the nation’s production. Despite the rally in output, the company still counted 60 cases of sabotage and theft, compared with 49 the year before. There were 10 such incidents recorded in the first two months of 2018, according to Weli.

    Nigeria is scheduled to load at least 1.8 million barrels a day next month. That equals the production cap it agreed on with the Organization of Petroleum Exporting Countries, which took effect in January.

    Naija247news Nigeriahttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
    RELATED ARTICLES

    Most Popular

    Recent Comments

    ‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says – Trump Slump World on ‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says
    FirstBank’s CEO wins ‘Best Chief Executive Officer’ Award – Financial Inclusion Nigeria. on Adeduntan: FirstBank is deepening Nigeria’s financial inclusion through its 31,000 agent network
    NSE Sets to “eRace” Cancer at 2019 NSE Corporate Challenge​ - Naija247news - Nigeria Cancer Blog on NSE Sets to “eRace” Cancer at 2019 NSE Corporate Challenge​
    Orji defends controversial recruitment of CoS' daughter as NSIA income hits N57.73 billion - Naija247news - Nigeria Cancer Blog on Orji defends controversial recruitment of CoS’ daughter as NSIA income hits N57.73 billion
    African companies raise $10.7b in 130 IPOs in 5 years – MONEYINAFRICA on African companies raise $10.7b in 130 IPOs in 5 years
    Okolie dennis on ASUU calls off strike
    ISAAC PEACE on ASUU calls off strike
    Abdulganeey on ASUU calls off strike
    Anonymous on ASUU calls off strike
    Anonymous on ASUU calls off strike
    Motor Spirit, Motorcycles drives Nigeria’s exports as terms of trade up 0.52% in 2018 Q3 – Naija247news | BikerColors.in on Motor Spirit, Motorcycles drives Nigeria’s exports as terms of trade up 0.52% in 2018 Q3
    ویزای شینگن چیست on Trump: Nigerians flee U.S for Canada, seeks assylum
    liamxdenny.tumblr.com on The Creative Apocalypse That Wasn’t
    جماهير الاهلى on No Nigerian Bank is in Distress – CBN
    Surgical Instruments on CBN And Its Crimes Against Nigerians
    FIFA World Cup 2018 tickets on FIFA president makes gains on World Cup expansion