ADVERTISEMENT

Militant attacks have cut oil output by half a million bpd

President Muhammadu Buhari cancelled a planned visit to the region last week, which some observers said was a missed opportunity to calm tensions in a region that accounts for a large portion of Nigeria's oil production.

Militant attacks have cut Nigerian oil output by half a million bpd

Nigeria's oil production has fallen by at least half a million barrels per day (bpd), Reuters calculations show, because of militant attacks in the Niger Delta region, most claimed by a new group calling itself the Niger Delta Avengers.

ADVERTISEMENT

The group has made multiple attacks on infrastructure belonging to oil majors Shell, ENI and Chevron, vowing to reduce output to zero in what is typically Africa's largest oil exporter.

President Muhammadu Buhari cancelled a planned visit to the region last week, which some observers said was a missed opportunity to calm tensions in a region that accounts for a large portion of Nigeria's oil production.

The attacks have forced companies to declare force majeure on Bonny Light, Brass River and Forcados crude oil, and in May helped to push Nigeria's oil production to 22-year lows.

ExxonMobil's force majeure on Qua Iboe -- declared after an accident -- was lifted on June 3.

State oil company NNPC's spokesman Garba Deen Muhammad said Nigeria's production had not dropped below 1 million bpd.

"Our position before the attacks was 2.2 million bpd, but the attacks have affected production to the tune of about 600,000 to 700,000 barrels, so our current production level is hovering around 1.6 million bpd," Muhammad said.

Below is a table listing all Nigerian grades and outlining those affected by pipeline disruption and militancy, based on information from the companies, oil traders, Nigeria's oil minister and Reuters estimates.

Grade Typical Issue Production Expected exports impact on export

(bpd) field impact in

(bpd) June(bpd)

Abo 23,000

Agbami 228,000

Amenam 65,000

Antan 32,000

Bonga 190,000

Workers No clear None evacuated impact following militant threat Bonny 200,000 FORCE MAJEURE 170,000 170,000

Light - pipeline total, blast closed 75,000 from Nembe Creek Aiteo, Trunk line remainder from other companies.

Brass 120,000 Force majeure 65,000 65,000

River and several (13,000 of attacks on which is ENI pipelines equity stake)

EA 32,000

Ebok 31,000

Erha 129,000

Escravos 160,000 DECREASED 35,000, 35,000-

PRODUCTION - according 65,000, spill to field loading following operator delays of militant Chevron, 10-15 days

attack, 65,000 additional according attack on two to traders wells.

Forcados 250,000- FORCE MAJEURE 250,000- 250,000-300, 300,000 - militants 300,000 000, June attacked pipeline

subsea reopening pipeline in likely February and postponed again in June.

Okono 27,000

Okwori 22,000

Oyo 21,000

Pennington 32,000

Qua Iboe 320,000 Force majeure minimal Loading lifted after impact - programmes repairs production pushed back

following a now back with delays drilling rig to 250,000 of around that damaged a - 300,000 15-20 days pipeline

Usan 67,000

Yoho 63,000

Total 2 520,000- 520,000-

million 600,000 600,000

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Crowd of supporters receive APC Governorship candidate, Udofia in Uyo

Crowd of supporters receive APC Governorship candidate, Udofia in Uyo

Buhari will always be my friend - Tinubu

Buhari will always be my friend - Tinubu

Smugglers responsible for fuel scarcity - FG breaks silence

Smugglers responsible for fuel scarcity - FG breaks silence

JUST IN: Again, INEC extends PVCs collection by one week

JUST IN: Again, INEC extends PVCs collection by one week

Tinubu visits Buhari in Katsina after fuel scarcity, Naira redesign outburst

Tinubu visits Buhari in Katsina after fuel scarcity, Naira redesign outburst

New currency: CBN allocates N120m to agents for disbursement in Katsina

New currency: CBN allocates N120m to agents for disbursement in Katsina

Govt will eliminate chaos in currency swap - Buhari assures Nigerians

Govt will eliminate chaos in currency swap - Buhari assures Nigerians

Pat Utomi urges INEC to extend PVCs collection deadline

Pat Utomi urges INEC to extend PVCs collection deadline

Boat Operators organise victory walk for Tinubu, Sanwo-Olu in Lagos

Boat Operators organise victory walk for Tinubu, Sanwo-Olu in Lagos

ADVERTISEMENT
ADVERTISEMENT