ExxonMobil has lifted a force majeure on Nigeria’s Qua Iboe crude oil export terminal, as crude exports resume for the first time in almost six weeks after a fire at the terminal halted operations.
This is according to a company spokesman who confirmed the company had lifted force majeure on Qua Iboe crude loadings, according to Reuters.
Oriental News Nigeria, reports that ExxonMobil issued a force majeure on Nigeria’s Qua Iboe crude oil export terminal last December after a fire hit the facility and injured two workers.
The spokesman did not say how much production would be lost, or when the terminal would come back online. At the time of the incident, ExxonMobil said it did not anticipate any impact to operations at Qua Iboe, which is among the largest oil export streams in Nigeria, Africa’s largest crude exporter.
It was then reported that production is expected to resume in early January.
The Qua Iboe facility is one of Nigeria’s largest export grades, and is very popular among global refiners, with India, the US, Canada, Italy, Spain, Indonesia, and the Netherlands being key buyers.
Qua Iboe is light sweet crude, which has a gravity of 36 API and sulfur content of 0.13 per cent and the crude, produced from fields 20-40 miles off the coast of southeast Nigeria, is brought to shore at the Qua Iboe terminal via a seabed pipeline system.