Yemisi Izuora/Agency Report
There are indications that oil flows from the Forcados crude oil export terminal may remain suspended until April.
The Forcados Pipeline operator SPDC, a Shell affiliate, put the grade under force majeure on Feb. 21, a week after a pipeline leak forced it to halt loadings to the export platform.
Local producers have had to shut Forcados crude output as a result, with local and trading sources saying it is likely to take until early April before the pipeline is repaired and oil production can resume and flow to the export terminal.
About 249,000 barrels per day (bpd) of oil were scheduled to be exported from the Forcados stream in both February and March.
Reuters reports that gas production associated with the Forcados field could also have to close, depending on how long it takes to repair the pipeline.