ExxonMobil shuts down production at major field in Akwa Ibom. Declares Force Majeure on Qua Iboe field. Oil production drops to 700,000bpd

ExxonMobil shuts down production at major field in Akwa Ibom. Declares Force Majeure at Qua Iboe field

Exxon Mobil has declared force majeure on a major crude oil producing field in Akwa Ibom. The affected field the Qua Iboe field was shut down after trouble with a pipeline disrupted supplies, three traders said on Friday.

This brings the total Nigerian crude outage to about 700,000 barrels per day (bpd), one of the traders said.

Reuters reported on Thursday that Exxon reduced Qua Iboe output following the pipeline problem. Qua Iboe has the largest output of Nigeria’s crude grades and was set to account for 317,000 bpd of exports in June.

Another explosion cripples Chevron's Makaraba oilfield in Delta State

Exxon, which operates the terminal for Qua Iboe exports, could not be immediately reached for comment.

-The News