Militants attack: Chevron lost 175,000bpd of oil in 5 days

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Qouzeem Safiriyu

Three days after the attack by a new militant group known as Avenger, crude oil lost by Chevron Nigeria Limited peaked at 175,000 barrels of oil per day. This loss represents about $8.05million (about N3.7 billion) since the attack occurred on Wednesday night.

Investigations had revealed that failure of the government to release some of the politicians from Niger Delta  held by the Economic and Financial Crimes Commission (EFCC) for allegedly   diverting public funds made the militant group to launch spontaneous attack on Okan  major Platform belonging to Chevron Nigeria Limited. The company had announced loss of 35,000 barrels worth of oil per day production capacity since militants exploded the Okan platform that supplies oil and gas to the Escravos terminal in Delta State, in new violent attack which happened on Wednesday night.

“Approximately 35,000 barrels per day (bpd) of Chevron’s net crude oil production in Nigeria are impacted,” the company said in a statement late Friday.

Nigerian Navy spokesman, Chris Ezekobe told AFP that an unknown group called the Niger Delta Avengers took responsibility for the attack.

Chevron has confirmed that “unknown persons” attacked its Okan Valve Platform offshore facility near oil city Warri late Wednesday. There were no known casualties.

“All persons have been accounted for and no injuries have been reported,” the company said.

Chevron Nigeria Limited operates the joint venture with Nigeria’s giant state-run oil firm, Nigeria National Petroleum Corporation.

The increase in attacks risks hitting crude supplies at a time when Nigeria’s oil-dependent economy is facing a plummet because of the fall in global prices.

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