Shell has lifted the force majeure on its Nigerian Forcados crude grades, the last of three such warnings by the Anglo-Dutch supermajor to be lifted since the affects of flooding and theft on the company’s output stabilised.
Earlier this month, Shell lifted the contract clauses on its Bonny Light crude and Nigeria liquefied natural gas (LNG) supplies.
Shell's recent outages first erupted after a fire erupted on the Bomu-Bonny trunk line and on a waiting ship that was attempting to steal crude from the line.
The explorer shut another pipeline in the Imo River in eastern Nigeria on 31 October due to theft damage and deferred 25,000 barrels per day in output.
Oil theft is a major problem in the Niger Delta, where Nigeria estimates around 150,000 barrels per day is stolen, much of which is sold abroad.
Nigeria's worst flooding in 50 years contributed to Shell’s woes and saw Eni declare force majeure on its Brass River loadings.
ExxonMobil last week became the fourth oil major in a month to warn customers over delays to Nigerian exports because of an oil spill in a shallow water offshore facility.
The US supermajor’s Nigerian unit declared force majeure on Qua Iboe crude oil exports on 21 November due to outages caused by the spill.
The successive problems saw Nigeria’s 2 million barrel daily output cut by a fifth at their peak, and the force majeures instituted by ExxonMobil and Eni remain in force.