NNPCL RESUMES OPERATIONS AT FORCADOS TERMINAL, TRIGGERING 350,000 BARREL PER DAY CRUDE OIL PRODUCTION INCREASE

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Nigeria’s crude oil production is set to experience a substantial boost, with expectations of a rise by around 350,000 barrels per day. This positive outlook stems from the Nigerian National Petroleum Company Limited’s (NNPCL) decision to recommence operations at the Forcados Terminal. This development brings the NNPCL within reach of its ambitious August target of producing 1.8 million barrels of oil per day.

After a month-long hiatus, caused by repairs at the Aleto section and a loading systems leak at the Forcados export terminal, operations are once again underway. The Forcados Terminal had temporarily halted its exports in July, as leaks were observed on a single buoy mooring – a floating loading facility allowing tankers to offload cargoes offshore. Despite the setback, no force majeure was declared; although injections into the terminal were scaled back following the incident.

In a collaborative effort involving the NNPCL Upstream Unit, Shell Petroleum Development Company (SPDC), the Nigerian Upstream Petroleum Regulatory Commission(NUPRC), relevant stakeholders, and government agencies, the cause of the suspension was identified. The disruption in Forcados loadings resulted in the deferment of approximately 250,000 barrels per day of production, contributing to Nigeria’s decreased output within OPEC in July.

Notably, this disruption compounded the effects of another outage: the Trans Niger Pipeline system. Due to a spill at Aleto, near Eleme, Rivers State, this pipeline, responsible for exporting Bonny Light crude, had been temporarily shut down. As a result, over 120,000 barrels per day of production were deferred, exacerbating the overall impact on Nigeria’s crude oil production.

The combined effects of the Forcados and Bonny terminal outages were substantial, resulting in a reported crude oil production of 1.29 million barrels per day in July. This figure reflects Nigeria’s ongoing challenges in maintaining its oil output and highlights the significance of these operational disruptions in shaping the country’s petroleum landscape.

 

 

 

 

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