Bonny Light crude still under force majeure, says Shell

 

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Royal Dutch Shell has said a force majeure remains in place on shipments of Bonny Light crude oil, while exports at the Forcados shipping hub were running as normal.

Shell said in an emailed statement on Wednesday that operations at the country’s Forcados oil terminal were running normally, despite a closure last week of the Trans Forcados Pipeline that carries a number of grades to the coast for export.

Shell Petroleum Development Company of Nigeria Ltd (SPDC), Shell’s Nigerian subsidiary, said on May 17 it had declared force majeure on exports of Bonny light following a shutdown on the Nembe Creek Trunk Line stream.

Exports of Bonny Light are expected to run at around 195,000 barrels per day next month, making it Nigeria’s third largest crude oil stream, behind Forcados and Qua Iboe.

Agency Report

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