Force Majeure Declared on 52,000 B/D from Nigeria Brass Field


Nigeria, West Africa
(Click to Enlarge)

LONDON (Dow Jones Newswires), May 19, 2009

Italian oil major ENI Spa (E) confirmed force majeure has been declared on 52,000 barrels a day of crude from the Brass River field in Nigeria Tuesday.

Production from the field is shared, and the measure would apply to 9,000 barrels a day of ENI's equity share.

The news, which provide the company with legal protection for not meeting a contractual obligation to customers, follows reports from traders of damage to specific pipes.

Traders in West African crude estimated production from the Brass facility when running at full capacity last year at around 160,000 barrels a day.  

Copyright (c) 2009 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Field Instructor
Expertise: Environmental, Safety & Training|Safety Officer|Safety Training Rep
Location: Greeley, CO
 
Dispatcher Level 1 and Level 2
Expertise: Logistics Management
Location: Denton
 
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours