Shell loses another major oil, gas pipeline to militants’ attack

Fear that Nigeria may suffer more losses of oil output emerged over the weekend as suspected militants destroyed oil and gas pipeline facilities operated by Shell, the major oil explorer in the Niger Delta region of the country.

The latest attack, was said to have occurred at about 10 am on Sunday.

It was said to have caused heavy oil spill after a poll of thick smoke was sighted by the locals.

Nobody has claimed responsibility for the blast on the pipeline located at the Trans Ramos area near Odimodi in Delta State, operated by Shell’s joint venture, SPDC.

Officials of the company refused to speak on the matter, but sources said the damage could deny Nigeria about 200,000 barrel per day (bpd), thereby depleting further, the current 1.5 million bpd output.

Read also: PwC says Nigerian hotels can generate $507m growth in 4yrs

Already the country, which projected 2.2 million (bpd) from this year is grossly running below the figure.

The Trans Ramos Pipeline (TRP) transports oil to Forcados Terminal, has been shut since February 14, 2016 following similar attacks on it.

Last week, Shell published its half year financial report as having a sharp fall in profit projection for 2016, citing slur in price of oil at the international market oil price and instability in the oil producing region of Nigeria as factors.

RipplesNigeria …without borders, without fears

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now