Shell Nigeria Lifts Force Majeure on Bonny Light Oil Exports

By Obafemi Oredein Features Dow Jones Newswires

Special to DOW JONES NEWSWIRES

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IBADAN, Nigeria--Royal Dutch Shell PLC's Nigerian unit on Friday said it had lifted the force majeure that was declared on Bonny Light oil exports because of a leak on the Trans Niger Pipeline.

Bamidele Odugbesan, spokesman for the Shell Petroleum Development Company, said the leak on the TNP occurred on June 1 at Patrick's Waterside, Bodo in Ogoniland. A joint investigation found the leak was caused by a hole drilled into the pipeline by unknown persons, he said.

The force majeure declared June 8 was lifted June 28 after the repair of the leak.

Mr. Odugbesan didn't say the quantity of oil that was shut-in during the force majuere, or the production level since it was lifted.

Write to Obafemi Oredein at realtimedesklondon@dowjones.com

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(END) Dow Jones Newswires

June 30, 2017 19:12 ET (23:12 GMT)