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REUTERS: Force majeure declared on Nigeria’s Bonny oil-trade

Wed Feb 6, 2008 11:59am

LONDON, Feb 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has declared a force majeure on shipments of its Bonny Light crude oil in Nigeria, trade sources said on Wednesday.

Sources said they were not sure why Shell declared the force majeure on the 400,000 barrel per day oilfields.

Shell officials were not immediately available to comment. The declaration allows companies to suspend the contractual obligations, such as deliveries of oil and gas, following unforseen events, without incurring penalties.

(Reporting by Randy Fabi; Editing by Anthony Barker)

http://www.reuters.com/article/rbssEnergyNews/idUSL0657476820080206?sp=true

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