Last Update: 7:24 AM ET Feb 21, 2006
LAGOS (MarketWatch) — Royal Dutch Shell (RDSB.LN) said Tuesday it has extended a force majeure that legally protects it from not meeting its contractual obligations on Nigerian crude oil exports from the EA field and Forcados oil fields.
A company spokesman said the original force majeure, declared in January after militant attacks, had been previously expected to end by late February, the spokesman said. The extension has no time limit, he added.
“No time has been fixed for the end of the force majeure,” the spokesman said.
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