19 July 2018, Sweetcrude, Lagos — The Shell Petroleum Development Company, SPDC, has lifted force majeure on the export of Nigeria’s largest and best crude grade, Bonny Light.
The ban lifting comes after nearly two months.
SweetcrudeReports gathered that the leaking Nembe Creek Trunkline has finally been repaired after the company shut the pipeline mid-May due to the leak.
The pipeline is one of the main export routes for Bonny Light.
The shutting of the pipeline affected Nigeria’s export of 150,000 barrels per day, b/d, of crude oil from it.
Confirming the lifting, Shell said it “lifted the force majeure on Bonny Light exports following the repair and reopening of the Nembe Creek Trunkline by the operator, Aiteo Eastern E&P Company Limited.”
Nigeria produces between 200,000 and 250,000b/d of Bonny Light which is also very popular among refiners globally.
Price of Bonny Light which is one of the highest globally has also rubbed off on other key Nigerian grades such as Forcados and Qua Iboe.