Nigeria’s Qua Iboe crude under force majeure for at least a month – Reuters

By Libby George

LONDON, July 21 (Reuters) – Exports of Nigeria’s largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal, sources told Reuters.

The damage is the latest setback to Nigerian oil production, which has been hobbled this spring by militant attacks and another accident at the Qua Iboe terminal earlier this year.

Exxon declared force majeure last week, citing a “system anomaly” it observed during a routine check. Sources told Reuters this week that the pipeline lost pressure while loading a cargo of crude oil and that the company subsequently discovered a leak on the underwater pipeline.

An Exxon spokesman declined to comment on any leak or a timeline for repairs.

Read more at http://af.reuters.com/article/nigeriaNews/idAFL8N1A75WA