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Loadings Remain Suspended at Forcados Oil Terminal

OIL

Loadings at Nigeria’s Forcados crude oil terminal have been suspended for almost a month due to leaks at the terminal.

  • Repair works at the terminal – operated by Shell – were expected to be completed by early this week, a shipping source told Reuters. No further update has been published.
  • Forcados shipments were originally scheduled 220kbpd in July.
  • Loadings at the terminal were halted on 12 July after workers saw fumes near the single buoy mooring that was loading oil onto a vessel.
  • According to the latest Platts Survey, Nigeria saw a 100kbpd month on month drop in crude output to 1.32mbpd because of the terminal outage.
  • As of 24 July, Nigeria had pushed back two late-August loading Forcados crude shipment to September. August shipments have been revised to 173kbpd according to a loading program.
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