Shell reopens Nembe pipeline

Nigeria’s crude oil export is set to increase by about 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, announced the reopening of the Nembe creek crude oil pipeline, which was shut down due to sabotage.
The pipeline was closed January 17, 2015 due to a leak, with the SPDC removing five oil theft connections during the closure.
According to provisional loading programmes, Nigeria plans to export 188,700 barrels per day (bpd) of Bonny Light in March, up from the 171,000 bpd originally planned in February.
The Trans Forcados oil pipeline, which was shut about the same time with the Nembe creek pipeline has been reopened.
Professor Chinedu Nebo, Minister of Power, disclosed that the Forcados pipeline was closed after a leak occurred at the Oteghele axis in the southern state of Bayelsa, adding that there was no time frame yet for the duration of the disruption.
He appealed for the understanding of electricity consumers, for the reduction in power supply which this development would cause.
Using the current crude oil price of $55 per barrel, this will translate to an increase of $8.25 million, about N1.403 billion in Nigeria’s daily crude oil earnings.