Another 140,000 bpd Shut In As Agip, AITEO Close Operations In Bayelsa

Nigeria’s crude oil production capacity has again dropped by 140,000 barrels per day (bpd) from the renewed activities of the Niger Delta Avengers (NDA), a new militant group in the country’s Delta region.

The News Agency of Nigeria (NAN) reported in Abuja yesterday that while the Nigerian Agip Oil Company (NAOC) has shut its Bayelsa production facility which produces 65,000bpd, indigenous operator, Aiteo, which operates the Nembe Creek Trunk Line, has also stopped its 75,000bpd facility in Bayelsa.

According to the agency, earlier attacks on NAOC oilfield on May 18 and 24 resulted in the shutdown of some 5,200 barrels of its equity share of oil output.

It said a spokesperson for Agip confirmed the development in a short e-mail response to it.

“The total deferred production due to the attack is 65,000 barrels of oil equivalent daily,” read the e-mail sent to NAN.

It further said: “I can confirm that. There is no further impact on production, since all production from the swamp area has already been stopped days ago.”

According to crude production figures provided by the oil firm, the country is losing about $3.12 million in revenue each day its facility remains out of production.

Also, Shola Omole, spokesman for Aiteo, said the Nembe Creek Trunk Line, which conveyed crude to Bonny export terminal but came under attack by NDA on May 28, had been shut.

Omole explained that 75,000bpd of oil was deferred as the line remained out of service.

Credit: Thisday