Nigeria’s Bonny Light, Amenam oil exports under force majeure

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LONDON, April 29 – Exports of two Nigerian crude grades are suffering significant disruptions following a turbulent week in the country’s oil-producing Delta region, industry sources said on Monday.

Royal Dutch Shell has declared force majeure on exports of Nigeria’s Bonny Light crude following the closure of one of two export pipelines, the company said on Monday. Amenam, operated by oil major Total, is also under force majeure, trading sources said.

Both grades of crude are light and sweet, typically suitable for gasoline production.

The Bonny Light-exporting Nembe Creek Trunk Line closed on April 21 following a fire, operator Aiteo said, and Shell said it had declared force majeure on April 25.

Bonny Light exports had been planned at 222,000 barrels per day (bpd) in June and 184,000 bpd in May, but trading sources said they were awaiting new loading plans. Shell said the export terminal continued to run.

A port source told Reuters that oil-well shutdowns had reduced Amenam’s daily production and led to force majeure. Exports of Amenam are typically around 100,000 bpd, and trading sources said loadings had been delayed by roughly 25 days.

Operator Total did not immediately respond to a request for comment.

Two Shell oil workers were kidnapped last week in Rivers state, an escalation that helped prompt state police to step up security operations.

Reporting by Libby George; Editing by Dale Hudson and Louise Heavens

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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