Shell declares Bonny force majeure
Anglo-Dutch supermajor Shell said today it has declared force majeure on
Bonny Light exports, adding it was forced to shut in 169,000 barrels of
Bonny Light production for repair work following sabotage to a pipeline last
week.
"It will become effective as of April 22 and it will remain effective for the
rest of April and May," a company spokesman said.
He added some Bonny Light barrels should be still exported while the force
majeure was in place, but the volume would not be enough to meet all
contract obligations.
Bonny Light production should be about 400,000 barrels per day without any
problems, a Reuters report said.
21 April 2008 14:03 GMT
| last updated:
21 April 2008 14:22 GMT
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