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Nigeria’s Oil Exports Drop As Aiteo Shuts Pipeline

Business

Nigeria’s Oil Exports Drop As Aiteo Shuts Pipeline

The nation’s crude oil export has suffered a setback following the shutdown of the Nembe Creek Trunk Line (NCTL), one of the major crude oil transportation channels used for export.

TheLagostimes gathered that the NCTL, which is 100 kilometres long and has a capacity of 150,000 barrels per day at Nembe Creek, evacuates crude to the Bonny Crude Oil Terminal.

Aiteo Eastern Exploration and Production Company, the operator of the trunk line, said on Sunday that a suspected explosion occurred on Saturday within the vicinity of Nembe Creek Well 7, behind Mile 1 Community in Bayelsa State, near the Nembe field logistics base.

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The company said despite initial challenges, its operations team was able to access the well head area when the fire had completely died down in the early hours of Saturday.

“Preliminary investigations confirm that there were no fatalities, human incidents or damage to community property. All the wells and facilities in the immediate vicinity have been inspected and secured. This incident did not occur at or involve any part of the NCTL or other pipelines.

“It is important to note that prior to this incident, all facilities have been shut down since February 28, 2019, due to NCTL outage. Accordingly, any account suggesting that this incident arose from or affected any pipeline is wholly inaccurate and misleading”, the company said.

Aiteo said full investigations to determine the cause of the fire was ongoing, adding that “These investigations are being pursued with the utmost urgency and are being given the highest priority.

“We are continuing to work with all the relevant authorities to restore full functionality to all the relevant installations and affected areas. In the time being, we express our gratitude to all our stakeholders for your continuing support and understanding while urging calm and vigilance.”

Ayomide Ayano

A writer, communicator, Graduate of the Nigerian Institute of Journalism and a Christian.

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