Nigeria’s Trans-Forcados pipeline which exports the Forcados crude oil has been shut down.
Reuters reported Wednesday that the pipeline was shut for repairs to inspect a leak.
Quoting an unnamed source, the report said the pipeline, which transports about 200,000 to 240,000 barrels of crude per day, was shut about five days ago.
Although the terminal operator Shell Petroleum Development Company (SPDC), a Royal Dutch Shell subsidiary, and pipeline operator Heritage Oil declined to comment, trading sources said that loadings were delayed by at least a week.
The Trans-Forcados pipeline is the major trunk line in the Forcados Pipeline System. It is also the second largest network in the Niger Delta after the Bonny Oil Pipeline System.
Some of the companies affected by the shutdown include the Nigerian Petroleum Development Company (NPDC), Seplat Petroleum Development Company Plc, Shoreline Natural Resources, among others.