Analysis: Shell takes hit in Nigeria

Foreign oil in Nigeria suffered another setback this week when protestors attacked a remote pipeline forcing 170,000 barrels of production offline.

The Shell Petroleum Development Co. – a joint venture among several companies including Nigerian National Petroleum Company, Total SA, and Eni SpA – lost 137,000 barrels per day in production when a valve on the trans-Nigerian pipeline in southern Nigeria was attacked.

The attack prompted Shell to call for a force majeure on exports for the time being, Shell officials said.

MiddleEastTimes