Nigeria Loses Another N1.3 Billion Daily To Attacks By Niger Delta Avengers
Two oil firms operating in Nigeria say they lose
140,000 barrels of crude daily due to recent
attacks on their facilities by militants.
The attacks by a militant group, believed to be
the Niger Delta Avengers, caused the loss,
according to Eni and Aiteo from their oilfields in
Bayelsa.
At about $48 per barrel, an estimated $6.72
million (N1.3 billion) daily is lost by the two
operators due to the attacks.
Eni, the Italian energy firm and parent company
of Nigerian Agip Oil Company (NAOC) said its
production was cut by 65,000 barrels per day
following Friday’s attack on its pipeline in Bayelsa.
Earlier attacks in the oilfield on May 18 and 24
had resulted in a shutdown of some 5,200 barrels
of Eni’s production.
An Eni Spokesperson confirmed the development
in an email on Sunday.
“The total deferred production due to the attack
is 65,000 barrels of oil equivalent daily
“I can confirm that. There is no further impact on
production, since all production from the swamp
area has already been stopped days ago.,” the
email from Eni’s Media Relations Unit said.
Also, Aiteo, operator of the Nembe Creek Trunk
Line said the line was shut after it came under
attack on May 28 by militants believed to be
members of the Niger Delta Avengers The line
conveys crude to Bonny export terminal.
The spokesperson for Aiteo, Shola Omole, said
some 75,000 barrels daily production was
deferred as the line remained shut.
Although figures from Shell Petroleum
Development Company, SPDC, could not be
obtained for this report, the oil firm had placed its
oil exports from Bonny export terminal under
force majeure.
SPDC, which in 2014 sold the 100 km Nembe
Creek Trunk Line to Aiteo, still relies on the line to
lift crude produced from onshore oilfields in
Bayelsa to the Bonny Terminal in Rivers.
.
The Minister of State for Petroleum, Ibe Kachikwu,
had said on Thursday that Nigeria was producing
1.6 million barrels per day which excludes further
production outages due to attack on Agip,
Chevron and Shell at the weekend.
The development will likely affect the
implementation of the 2016 budget premised on
a daily crude oil production of 2.2 million barrels
of crude per day.
The Niger Delta Avengers, has claimed
responsibility for most of the recent attacks. The
group rejected dialogue with the federal
government calling instead for a Niger Delta
republic.
The Nigerian military has vowed to deal with the
militants and has deployed attack aircraft, and
Naval war boats to the region.
140,000 barrels of crude daily due to recent
attacks on their facilities by militants.
The attacks by a militant group, believed to be
the Niger Delta Avengers, caused the loss,
according to Eni and Aiteo from their oilfields in
Bayelsa.
At about $48 per barrel, an estimated $6.72
million (N1.3 billion) daily is lost by the two
operators due to the attacks.
Eni, the Italian energy firm and parent company
of Nigerian Agip Oil Company (NAOC) said its
production was cut by 65,000 barrels per day
following Friday’s attack on its pipeline in Bayelsa.
Earlier attacks in the oilfield on May 18 and 24
had resulted in a shutdown of some 5,200 barrels
of Eni’s production.
An Eni Spokesperson confirmed the development
in an email on Sunday.
“The total deferred production due to the attack
is 65,000 barrels of oil equivalent daily
“I can confirm that. There is no further impact on
production, since all production from the swamp
area has already been stopped days ago.,” the
email from Eni’s Media Relations Unit said.
Also, Aiteo, operator of the Nembe Creek Trunk
Line said the line was shut after it came under
attack on May 28 by militants believed to be
members of the Niger Delta Avengers The line
conveys crude to Bonny export terminal.
The spokesperson for Aiteo, Shola Omole, said
some 75,000 barrels daily production was
deferred as the line remained shut.
Although figures from Shell Petroleum
Development Company, SPDC, could not be
obtained for this report, the oil firm had placed its
oil exports from Bonny export terminal under
force majeure.
SPDC, which in 2014 sold the 100 km Nembe
Creek Trunk Line to Aiteo, still relies on the line to
lift crude produced from onshore oilfields in
Bayelsa to the Bonny Terminal in Rivers.
.
The Minister of State for Petroleum, Ibe Kachikwu,
had said on Thursday that Nigeria was producing
1.6 million barrels per day which excludes further
production outages due to attack on Agip,
Chevron and Shell at the weekend.
The development will likely affect the
implementation of the 2016 budget premised on
a daily crude oil production of 2.2 million barrels
of crude per day.
The Niger Delta Avengers, has claimed
responsibility for most of the recent attacks. The
group rejected dialogue with the federal
government calling instead for a Niger Delta
republic.
The Nigerian military has vowed to deal with the
militants and has deployed attack aircraft, and
Naval war boats to the region.
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