Shell to Resume Production in Nigeria

Shell is prepared to restore around 100,000 barrels per day of Nigerian Forcados production by mid-week next week. Shell had halted approximately 320,000 bpd of Forcados production several weeks ago in response to ethnic violence in the area. The company has still been able to produce around 140,000-180,000 bpd from unaffected on-shore areas in the west Niger Delta. Production from this area has been under force majeure as previously scheduled exports were delayed by as much as a month.