Thursday, May 25, 2017

Video - Oil production in Nigeria could reach 2.2 mln barrels per day by end of June

The worst disruptions in Nigeria's oil-producing Delta region are over, and production could reach 2.2 million barrels per day by the end of June. According to authorities the long-closed Forcados oilfield could be back to capacity by the end of June, enabling a return to nearly full production from what is typically Africa's largest oil exporter. Attacks in the Niger Delta had pushed production to just over 1 million bpd at certain points last year, which were the lowest in decades, but attacks have abated since the start of the year. The first Foracdos cargo from the main Trans Forcados export line loaded last week, though operator Royal Dutch Shell has said force majeure remains in place.

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