Metro News

Pipeline Explosion Has Led To 16,000bpd Of Crude Oil Loss

Pipeline Explosion

Due to explosion that recently rocked its pipelines in Bayelsa State, The Nigerian Agip Oil Company is losing about 16,000 barrels of crude oil daily.

Reports says the explosions through launching of dynamites by militants, which affected Agip pipelines located in Orukari, Golubokiri and Kpongbokiri communities of Brass area of the state.

The situation has also led to an environmental damage, leading to a major oil spillage since it occurred on Thursday night.

ALSO READ:  Oil prices fall as OPEC fails to stop excess production

A representative of the mother company of Agip, Eni said this,“The Eni production impacted by the incident was 16,000 barrel of oil equivalent daily, (boed) and as of Monday morning all the activities aimed at restoring production have been activated.”

The attack led to a decline in production from 40,000 barrels, before the explosion cut production by 16,000boed.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending this week

To Top