Chevron's Nigeria Oil Output Down 42,000 bpd After Attack - Report


Abiteye, Nigeria
(Click to Enlarge)
LONDON (Dow Jones)

Chevron Corp. (CVX) has cut oil output from Nigeria by 42,000 barrels a day following an invasion of its Abiteye flow station, Reuters news agency said Monday.

Earlier, Chevron Nigeria Ltd., operator of the Nigerian National Petroleum Company/Chevron Joint Venture, confirmed a group of 20 armed youths invaded the station Sunday.

"The situation is currently under control," spokesman Michael Barrett said in a statement. "We will continue to monitor the area closely and to take appropriate security measures."

Earlier, authorities reported a separate incident where gunmen overran a flowstation run by Eni SpA (E) subsidiary Agip and were holding workers and army soldiers inside.

Copyright (c) 2007 Dow Jones & Company, Inc.

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