Oil Producing Firms Seek Alternative Route To Forcados Export Terminal

Indications have emerged that six oil and gas exploration and production (E & P) companies that deliver crude oil to the Forcados Export Terminal in Delta State, through the Trans -Forcados Pipeline are seeking an alternative crude oil supply route, as a result of the protracted vandalism of the current pipeline network.

Pipeline vandals have for a while focused attacks on the Trans-Forcados Pipeline, which is used by E & P companies operating in the Western Niger Delta to transport crude oil to the 400,000 barrels per day capacity Forcados export terminal.

It was gathered that production companies have not been able to ramp up production since the most recent attacks by the vandals at five different points on the Trans- Forcados Pipeline, reported on January 6 2015.

SEPLAT Petroleum Development Company Plc, which owns 45 per cent stake in Oil Mining Leases (OMLs) 4, 38 and 41, and operates these leases under a joint venture with the Nigerian Petroleum Development Company (NPDC) was one of the companies that suffered outage as a result of the vandalism.

Other production companies affected include; Shell Petroleum Development Company, Pan Ocean, and Nigerian Agip Oil Company.

Similarly, the vandalism of the pipeline also affected gas supply to Nigeria’s power generating companies as the Transmission Company of Nigeria (TCN) disclosed that the maximum generated electricity available for it to transmit for distribution across the country dropped to 3,000 megawatts.

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