Saturday 7 May 2016

THE ATTACK ON CHEVRON- DETAIL LOSES


The Defense Authority has vow to arrest and prosecute those behind the recent attack  on the US oil giant   Chevron Nigeria limited.
Brig. Rabe Abubakar said this on Friday following attack on the Okan platform an offshore oil and gas facility that feeds crude to the Escravos terminal in the southern Nigeria  last Wednesday.

Abubakar said it was unconceivable that Nigerian could attack the Nation's economic base regardless of the present situation in the country.

“Approximately 35,000 barrels per day (bpd) of Chevron’s net crude oil production in Nigeria are impacted,” company spokeswoman Isabel Ordonez said in a statement late Friday.
Militants on Wednesday night used explosives to blow up the Okan platform, a collection facility for offshore oil and gas that feeds the Escravos terminal in southern Nigeria.
The impact of the attack was significant in a country where Chevron’s net daily production in 2014 averaged 240,000 barrels of crude oil, 236 million cubic feet of natural gas and 6,000 barrels of liquefied petroleum gas, according to the company’s website..
The involvement of former Niger Delta militant leaders including Tompolo, who is wanted on fraud charges, has not been ruled out, Ezekobe said.
  Chevron confirmed that some group of "unknown  persons" attacked its Okan offshore facility in Warri how ever no casualty was recorded in the attack,the company added.
“All persons have been accounted for and no injuries have been reported,” the company said.
Chevron Nigeria Limited (CNL) operates the joint venture with Nigeria’s giant state-run oil firm, Nigeria National Petroleum Corporation (NNPC).
The upsurge of attacks risks hitting crude supplies at a time when Nigeria’s oil-dependent economy is facing a slump because of the fall in global prices.
Nigeria’s President Muhammadu Buhari signed the 2016 budget in Abuja Friday, dependent on $38 per barrel.
Nigeria derives more than 90 percent of its foreign exchange earnings from oil.

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