SPDC's Forcados terminal loses 12.7m barrels of oil in one year
Lagos -- The Forcados terminal operated by the Shell Petroleum and Development Company, SPDC, has been losing 35,000 barrels per day of crude oil export for over one year.
This translates to a loss of a whopping 12,775,000 barrels of crude oil as at April 24, this year.
According to the Nigerian National Petroleum Corporation, NNPC’s, latest monthly report for January 2019, the terminal, also fed with crude oil from Trans Ramos Pipeline/Brass Creek, has been shut since April 24, 2018.
The shutdown was due to
leaks in a creek crossing in the Odimodi area, leading to the loss of 35,000 barrels per day of production into the Forcados Terminal.
SPDC said it confirmed four leak points on the pipeline.
The NNPC report said the line remains shut “to date”, and the repairs are still ongoing.
The shutdown, which begun since April 24, last year makes it more than a year since Nigeria has been losing 35,000 barrels of oil
production per day, a loss of a whopping 12,775,000 barrels by April 24, this year.
The Forcados terminal was commissioned in 1971, and was upgraded between 1994 and 1998.
It receives, treats, stores and exports crude oil produced by SPDC and other operators in the western Niger Delta, and has an installed storage capacity of 6.3 million barrels.
Contacted for comments on the NNPC report and the state of the Forcados terminal, Shell Nigeria spokesman Bamidele Odugbesan rebuf fe d SweetcrudeReports and its enquiries.
He did not deny the report that the terminal had been down for over one year, but said he would not comment on the matter until the newspaper made a correction to an alleged earlier published report on Shell, which he did not clarify.
An enquiry sent to his official email address on the matter was not responded to until the publication of this report.