ABUJA: The Shell Petroleum Development Company Joint Venture (SPDC JV) declared force majeure on Bonny Light exports effective August 27, 2015 following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL).
According to a statement issued by by Precious Okolobo, Corporate Media Relations Manager, a leak was reported on the TNP at Oloma in Rivers State, while the NCTL was shut down for the removal of crude theft points.
“SPDC is working to repair and reopen the two lines as quickly as possible,” the statement said.
SPDC is the operator of a Joint Venture Agreement involving the Nigerian National Petroleum Corporation (NNPC), which holds 55%, Shell 30%, Total Exploration and Production Nigeria Limited (TEPNG)10% and Nigerian Agip Oil Company limited (NAOC) 5%.
