LONDON/LAGOS, June 6 (Reuters) - Nigeria's oil production
has fallen by at least half a million barrels per day (bpd),
Reuters calculations show, because of militant attacks in the
Niger Delta region, most claimed by a new group calling itself
the Niger Delta Avengers.
The group has made multiple attacks on infrastructure
belonging to oil majors Shell RDSa.L , ENI ENI.MI and Chevron (NYSE:CVX)
CVX.N , vowing to reduce output to zero in what is typically
Africa's largest oil exporter.
President Muhammadu Buhari cancelled a planned visit to the
region last week, which some observers said was a missed
opportunity to calm tensions in a region that accounts for a
large portion of Nigeria's oil production.
The attacks have forced companies to declare force majeure
on Bonny Light, Brass River and Forcados crude oil, and in May
helped to push Nigeria's oil production to 22-year lows.
ExxonMobil's XOM.N force majeure on Qua Iboe -- declared
after an accident -- was lifted on June 3.
State oil company NNPC's spokesman Garba Deen Muhammad said
Nigeria's production had not dropped below 1 million bpd.
"Our position before the attacks was 2.2 million bpd, but
the attacks have affected production to the tune of about
600,000 to 700,000 barrels, so our current production level is
hovering around 1.6 million bpd," Muhammad said.
Below is a table listing all Nigerian grades and outlining
those affected by pipeline disruption and militancy, based on
information from the companies, oil traders, Nigeria's oil
minister and Reuters estimates.
Grade Typical Issue Production Expected
exports impact on export
(bpd) field impact in
(bpd) June(bpd)
Abo 23,000
Agbami 228,000
Amenam 65,000
Antan 32,000
Bonga 190,000 Workers No clear None
evacuated impact
following
militant
threat
Bonny 200,000 FORCE MAJEURE 170,000 170,000
Light - pipeline total,
blast closed 75,000 from
Nembe Creek Aiteo,
Trunk line remainder
from other
companies
Brass 120,000 Force majeure 65,000 65,000
River and several (13,000 of
attacks on which is ENI
pipelines equity
stake)
L5N18L29W]
EA 32,000
Ebok 31,000
Erha 129,000
Escravos 160,000 DECREASED 35,000, 35,000-
PRODUCTION - according 65,000,
spill to field loading
following operator delays of
militant Chevron, 10-15 days
attack, 65,000
additional according
attack on two to traders
wells[nL5N1825
W8][nL8N18T4UH
]
Forcados 250,000- FORCE MAJEURE 250,000- 250,000-300,
300,000 - militants 300,000 000, June
attacked pipeline
subsea reopening
pipeline in likely
February and postponed[nF
again in June WN18V0IG]
FWN18V0IG]
Okono 27,000
Okwori 22,000
Oyo 21,000
Pennington 32,000
Qua Iboe 320,000 Force majeure minimal Loading
lifted after impact - programmes
repairs production pushed back
following a now back with delays
drilling rig to 250,000 of around
that damaged a - 300,000 15-20 days
pipeline
L8N18V3B3]
Usan 67,000
Yoho 63,000
Total 2 520,000- 520,000-
million 600,000 600,000
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Nigerian militants say aim is zero oil output after three new
attacks
Nigerian oil output falls towards 22-year low as violence
spreads
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