Nigerian Production Won't Return to Normal Until 4Q03

The Escravos Field in Nigeria is not expected to return to full capacity until the fourth quarter of this year. The field has been partially shut-in since March due to ethnic violence in the area. ChevronTexaco said it would be unlikely that full production would return before the fourth quarter. The company says its foremost concern is the safety of its employees in the area. Escravos is currently producing at about 350,000 bpd with a total of 140,000 bpd shut in since March. The shut-in has had limited impact on Escravos exports because problems at Nigeria's Warri refinery mean that the 100,000 bpd it normally consumes are being sent for export.

Shell says its Forcados Field which normally produces approximately 440,000 bpd is also reduced by about 155,000 bpd. Total says production from its Upomami Field will remain shut-in until it is considered safe enough to resume production. Upomami Field produces approximately 7,500 bpd.

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