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Nigeria has resumed the production of about 150,000 barrels of crude oil following the repairs of and reopening of Nembe Creek Trunkline, and consequently the force majeure on Bonny Light crude has been lifted, reports Businessday newspaper.
With this development, additional 150,000 barrels are being pumped daily, thereby bringing the country’s production level to about 1.850 million barrels per day (mbpd). This is about 300,000bpd short of the government projected daily production of 2.2mbpd on which the national budget was hinged.
OPEC data indicate that Nigeria produced 1.7 million barrels in the month of June.
The fixing and reopening of the Nembe Creek Trunckline is no doubt a relief to the Federal Government that has been eager to increase its production level so that IT can also benefit from the current high crude oil prices.
Shell says it “lifted the force majeure on Bonny Light exports following the repair and reopening of the Nembe Creek Trunkline by the operator, Aiteo Eastern E&P Company Limited.”
Shell declared force majeure on Bonny Light export on May 17, 2018, following the shutdown of NCTL by the operator.