Nigeria’s crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from state oil firm Nigerian National Petroleum Corp. said Friday, after reports of a fresh attack on an oil and gas pipeline in the Niger Delta late Thursday, Platts reports.
“The waves of attack on virtually [most]oil pipelines and production facilities in the western division of the Niger Delta have crippled operations there,” the NNPC official told Platts. “We estimate total production losses to be around 1 million b/d, so we are currently down to 1.1 million b/d,” he added.
Renewed militancy in the oil-rich Niger Delta has resurfaced after years of relative calm, pushing the country’s output to more than 20-year lows. Currently, four Nigerian crude export grades — Qua Iboe, Bonny Light, Brass River and Forcados — are under force majeure. All of these grades except for Qua Iboe are under force majeure as a direct result of the militant attacks.
Energy Mix Report
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