Nigeria’s oil production dips further, as militants continue onslaught

PRODUCTIONS at Nigeria’s oil facilities may have continued to drop drastically, owing to increasing tension in the oil-producing region, Niger Delta.

Leaving no respite for smooth operation, the act of militancy in the region has halted several production activities, which had resulted in shut-in of about 25 per cent of the nation’s oil production capacity of 2.6 million barrels per day (bpd).

The production, which stood at 1.88 million barrels per day as at mid January, may have dipped further with current shut-in from major oil facilities in the Niger Delta. The latest, being the force majeure declared by Shell at its Bonny oil terminal, leaving its productions at 90,000 bpd, from the normal level of 500,000bpd.

The Guardian gathered that before the Shell’s pronouncement, shut-ins due to militant attack stood at 40,000bpd.

Nigeria Guardian News