Eyes of the Fleet

Eyes of the Fleet

Saturday, June 21, 2008

Nigeria: Another pipleine attack

Reported here:
Nigerian militants have blown up an oil pipeline near US corporation Chevron's Escravos oilfields, the Nigerian military says.

Chevron said the attack prompted it to shut down onshore oil production.

The loss equates to about 120,000 barrels per day, about 6.6% of Nigeria's total daily crude production...
The attack on Shell's floating oil platform at Bonga, which cut a tenth of Nigerian oil production in one go, was carried out by militant group the Movement for the Emancipation of the Niger Delta.

But the Escravos incident also highlights the vulnerability of the oil infrastructure in Nigeria, our correspondent says.

With the government planning to hold a big summit of Niger Delta leaders and more money expected to flow to the Niger Delta, perhaps the armed groups there feel it is a good time to show how relevant they are to any chance of peace, our correspondent adds.

While the loss to Nigerian crude output is significant, it is a small fraction of the daily global oil output, of about 85 million barrels per day.

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