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Nigeria s crude oil output plunges as Shell s Forcados exports remains on force majeure over pipeline closures

Loadings have averaged 250,000 b/d in recent months Qua Iboe also remains on force majeure London Nigeria’s crude and condensate production slumped to around 1.66 million b/d in 2020 from 2.04 million b/d in 2019, according to S&P Global Platts estimates. The force majeure took effect from 1000 local time (0900 GMT) on Jan. 14, a Shell spokesperson said. Even as Loadings of Nigeria’s key export grade Forcados are on force majeure due to the shutdown of the Trans Forcados pipeline, terminal operator Shell said late Last month. A representative at Heritage said the Trans Forcados pipeline had initially shut down for “maintenance services” but “community disturbances” had disrupted the exercise. The pipeline therefore remained shut for longer than scheduled, leading to Shell declaring force majeure, the source said.

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