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Oil firm Eni declares force majeure over pipeline attack in Nigeria

Xinhua, May 25, 2016 Adjust font size:

Oil firm Eni on Tuesday said it has declared force majeure in Nigeria following an attack on its Brass Oil Export Terminal off Bayelsa shoreline in the Niger Delta region last Sunday.

In a statement made available to Xinhua, the firm, which is parent company of the Nigerian Agip Oil Company (NAOC), said the Sunday attack on its pipeline in Bayelsa State had cut its production by 4,200 barrels per day.

Force Majeure absolves companies from liabilities of contractual obligations due to factors outside its control.

Earlier in May, both oil major Shell and Exxon Mobil had also declared force majeure in the Niger Delta, as militants in that region resumed hostilities and causing major setback to Nigeria's crude exports.

An earlier attack in the Niger Delta region last week Wednesday had resulted in a shutdown of some 1,000 barrels, bringing a cumulative production loss to 5,200 barrels of Eni's share of oil output.

The Nigerian government on Monday said the military would engage Niger Delta Avengers (NDA), a new militant group in the region, to stop attacks on oil and gas installations.

The new group has claimed responsibility for the violent campaign of vandalizing pipelines and blowing up critical oil facilities in parts of the oil-rich region. Endit