Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal, Premium Times reports.
Following the incident, crude oil lifting has now been suspended at that platform, officials said. The pipeline, described as a big artery in the nation’s oil production was said to have suffered a huge rupture under circumstances that are at the moment still hazy.
Industry experts say repairing the pipeline might cost the country as much as 100 million dollars. Forcados terminal in Delta State is one of Nigeria’s biggest terminals with capacity to export about 400,000 barrels of oil a day. Illegal interference with pipelines, with attendant leaks, has always dwindled crude oil receipts into Forcados, a terminal operated by the Nigerian Petroleum Development Company (NPDC). Oil majors most hit by disasters at this terminal include Shell and Seplat.