Exxon shuts nearly all Nigerian oil output

LONDON (Reuters) – Exxon Mobil has shut nearly all its Nigerian oil production, totalling around 770,000 barrels per day (bpd), due to a workers’ strike, a senior oil official and industry sources said on Monday.

The outage, which represents nearly 40 percent of total Nigerian output, comes after a series of attacks this month by militants in the Niger Delta which has shut-in an additional 169,000 bpd from Royal Dutch Shell.


The problems in Nigeria, the world’s eighth-biggest oil exporter, helped push oil prices to a record high near $120 a barrel on Monday.

“From Friday, they have been gradually shutting down operations. They have shut down 770,000 barrels per day of production, literally all of their production,” the official told Reuters in a telephone interview.”

Exxon, the top foreign oil producer in Nigeria, said earlier on Monday that some but not all of its output in the country had been shut by the strike.

Reuters