Shell likely to lift Nigerian force majeure soon

  • Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of the month.

    "We are hopeful it will be lifted by the end of November on both the export terminals," Ian Craig, the vice president for production and exploration in sub-Saharan Africa, said in an interview on Thursday.

    Last month, Shell's Nigerian venture declared force majeure on exports of Bonny and Forcados crude due to damage caused by thieves and flooding that hit a third-party supplier.

    Shell added its Nigerian output had been cut by about 20,000 barrels per day in the fourth quarter due to the flooding in the Niger Delta.