This is to inform the general public that Nigeria’s Trans Forcado Crude export pipeline which has been
mostly shut since it was bombed by militants in February 2016. After repairs, exports briefly resumed in October until a new attack forced another shutdown in early November is being tested by the Shell fora potential restart with the Astro Perseus tanker expected to load the first cargo by the weekend.
News also bears it that Companies producing oil that feeds into the Forcados stream have already been working around the long-term pipeline outage, exporting oil via barges at the Warri refinery, but this has been limited to roughly 20,000 bpd.
A full resumption of Forcados would come at a difficult time for the Organization of the Petroleum Exporting Countries, which has seen benchmark oil prices fall substantially despite a pact with other oil-producing nations to cut output, as Libya has also ramped up production. “Libya and Nigeria were exempt from the original cuts”.
NOTE: Before the attacks, the Forcados stream accounted for 200,000-240,000 barrels per day (bpd).
No loading programme is expected to be issued until the pipeline is fully tested.