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Shell declares force majeure on Nigeria Bonny oil exports

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(Globalpost/GlobalPost)

ABUJA (Reuters) - Royal Dutch Shell <RDSa.L> has declared force majeure on Nigerian Bonny Light crude oil exports after shutting down the 150,000 barrel per day Nembe Creek pipeline for repairs, the company said on Wednesday.

"The current exercise aims to remove a significant number of oil theft connections and repair any leaks on the pipeline," Shell Nigeria's Managing Director Mutiu Sunmonu said in a statement.

Shell said it replaced the Nembe trunkline in 2010 at a cost of $1.1 billion (721.8 million pounds) but it has since been regularly targeted by thieves who break into the pipeline and siphon off oil.

(Reporting by Joe Brock; Editing by Gary Hill)

http://www.globalpost.com/dispatch/news/thomson-reuters/130417/shell-declares-force-majeure-nigeria-bonny-oil-exports