The Shell Petroleum Development Company Joint venture (SPDC JV) this afternoon declared force majeure on Bonny Light exports.
SPDC Corporate Media Relations Manager Precious Okolobo said in a statement issued in Port Harcourt that the force majeure is “effective August 27, 2015 following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL).”
He explained that “a leak was reported on the TNP at Oloma in Rivers State, while the NCTL is shut down for the removal of crude theft points,” adding: “SPDC is working to repair and reopen the two lines as quickly as possible.”
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.