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SPDC declares force majeure on Forcados blend

SPDC Joint Venture declared force majeure on lifting of Forcados blend effective 09:00hrs (Nigerian time) Tuesday, March 25, 2014, due to ongoing repairs on the 48-inch crude export line at Forcados Terminal in the Western Niger Delta. The subsea line was shut when a leak was discovered on March 4, 2014, leading to suspension of SPDC and third party crude oil exports through the terminal.

 

Helicopter overflights showed a slight sheen around the export line.

 

A joint investigation conducted by representatives of communities, SPDC, regulators and security agencies determined that the leak was caused by third party interference; unknown persons had installed a crude theft point on the line in water depth of about eight metres.

 

SPDC has mobilised equipment and materials to the site, and is working to repair and reopen the line as soon as possible.

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