Shell Petroleum Development Company, SPDC, a subsidiary of Shell Companies in Nigeria, has lifted force majeure on Bonny crude exports.
The media relations manager, Abimbola Essien-Nelson, made this known in a statement published on Shell’s website on Wednesday, 15 March.
The spokesperson said SPDC lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023.
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The statement reads, “The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023.
“The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal.”
NatureNews reports that force majeure is a legal clause in contracts to protect companies from liabilities in meeting contractual obligations due to circumstances beyond its control.
In November 22, Shell had lifted force majuere declared on oil export programme from the terminal following a leak on the 150,000bpd Nembe Creek Trunk Line (NCTL), one of the two pipelines that feed crude to the Bonny Light terminal.
