Shell Would Like to Certify Nigerian Crude

Shell would like to implement a process in Nigeria whereby it can certify or "finger print" its Nigerian crude blends. The company said it has lost substantial volumes of crude oil to thieves and would like to use this process for tracking. The process would involve samples of crude from a suspect cargo undergoing laboratory tests to determine a precise origin.

Shell management has said it feels strongly about this issue and believes this certification process would help. Such certification could be handled by Nigeria's Department of Petroleum Resources (DPR) to correctly identify the origin of any Nigerian crude.

Shell says it is losing as much as 100,000 barrels per day of Nigerian crude, mainly Bonny Light and Forcados blends, to thieves tapping its pipelines and siphoning oil to ships on high seas. Some industry sources put total Nigerian losses at the height of the problem at a staggering 200,000 bpd.