Shell suffers Nigeria 'oil theft leakage'

At risk: Shell pipelines in Nigeria

BARRY MORGAN

related stories

News Wires

, Upstream Staff

 14 May 2012 10:17 GMT

Anglo-Dutch supermajor Shell is losing at least 43,000 barrels per day of oil to crude theft and illegal bunkering in Nigeria's Niger Delta, according to a report.

Last year, sabotage and crude theft also caused 11,806 barrels to be spilled from Shell facilities in 118 incidents, Precious Okolobo, a spokesman for country subsidiary Shell Petroleum Development Company (SPDC), said in a statement.

That equates to an average of one spill every three days, with theft accounting for 77% of the total spilled volume during the period, according to the statement cited by Dow Jones.

However, SPDC managing director Mutiu Sunmonu said recently the company was not planning to exit Nigeria despite ongoing security issues, multiple oil spills and uncertainty over a stalled Petroleum Bill.

Most thefts…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index