Nigeria’s oil production has fallen by at least 200,000b/d as a result of a militant attack that has forced the closure of the major Trans Forcados Pipeline (TFP) early November, Reuters reported.
TFP is the main contributor to the Forcados stream. Around 100,000b/d of production by oil major Shell’s local arm SPDC was still flowing to the terminal through other pipelines. Yet, local company Shoreline said its 35,000b/d of output was shut as a result of the pipeline closure. Several local producers link up to the TFP including London and Lagos listed Seplat. Furthermore, Forcados exports are expected to continue at a reduced rate, informed United Press International.
The Movement for the Emancipation of the Niger Delta took full responsibility for the attack. Accordingly, Nigeria blamed instability in the Niger Delta for its failure to meet a 2013 production target of 2.53mb/d of. Total crude oil production in September was around 1.52mb/d, about 20% less than it was last year. Nigerian President Muhammadu Buhari met with leaders of the southern oil-producing Niger Delta region for the first time late October, in a bid to negotiate an end to the new wave of militancy that began early 2016.