March 21, (THEWILL) – Italian oil company, Eni, has announced the resumption of crude and gas exports after it lifted the force majeure it placed on its operations last week.
The explosion and a spill on March 14, cut exports of 25,000 barrels per day (bpd) of crude and gas from Eni’s Brass terminal in southern Bayelsa state.
A force majeure was then declared by the company’s local subsidiary, Nigerian Agip Oil Company (NAOC).
Force majeure is a clause that allows a company to skip contractual obligations following issues beyond its control.
An Eni spokesman said the company had now completed repairs of the damaged pipeline.
“Following the restoration of the Ogoda/Brass 24 “oil pipeline at Okparatubo… force majeure has been lifted at Brass terminal, Bonny NLNG and Okpai Power”, he said in a statement.
The company said the blast was the second after an incident on February 28 at its Obama flow station led to a production shortfall of 5,000 bpd.
Pipeline vandalism, sabotage and theft from Nigeria’s southern oil fields and pipelines are very common.
