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Reuters: Shell: Force majeure on Nigeria Forcados exports

Mon Jan 14, 2008 12:16pm EST

LONDON, Jan 14 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has declared a force majeure on crude shipments from its Forcados export terminal in Nigeria after last week’s pipeline attack, a spokesman said on Monday. Exports have been halted since Friday due to sabotage at two of its pipelines connected to the Forcados export terminal. Production has not been affected, the spokesman said.

Oil output at Forcados was around 100,000 barrels per day, an industry source said last week, and was expected to reach 200,000 bpd by April.

A force majeure allows companies to suspend contractual obligations, such as deliveries of oil and gas, following unforeseen events without incurring penalties.

(Reporting by Randy Fabi)

© Reuters 2008 All rights reserved

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