FACTBOX-Nigerian oil production outages
July 1 (Reuters) - Nigeria has between 600,000 and 700,000 barrels per day (bpd) of oil shut in following sabotage of oil facilities, according to companies and trading sources.
* The Movement for the Emancipation of the Niger Delta (MEND) has been waging an armed campaign against the government with a series of pipeline bombings, attacks on oil and gas installations and the kidnapping of industry workers. MEND says it wants the Delta's resources used to benefit local people.
* More than 20 percent of the West African country's installed output capacity of around 3 million bpd has been put out of action by the attacks.
* Of the six large established Nigerian crude oil streams attacked over the last year in the oil-producing Niger Delta, trade sources say approximately 450,000 bpd of capacity have been put out of action. Other smaller streams account for the balance of lost production, they say.
* State-run Nigerian National Petroleum Corp. (NNPC) said on June 29 the country was pumping 1.739 million bpd of crude and 560,000 bpd of condensate, or a total of around 2.3 million bpd.
* Trade sources generally accept this total but say that NNPC is classing some crude as condensate. The Organization of the Petroleum Exporting Countries (OPEC) does not set limits on that form of very light hydrocarbon.
* Reuters' survey of export loading programmes shows just over 2.0 million bpd of crude was originally scheduled to load in July and around 1.64 million bpd in August.
* Nigeria's implied output limit under the most recent OPEC production agreement is 1.67 million bpd, so by any measure the country is producing more than its quota this month.
* Industry experts say funding problems have also limited Nigerian oil production dramatically and even when violence in the oil-rich Niger Delta has been relatively low, the country has never been able to produce at its full installed capacity.
COMPANIES
* Royal Dutch Shell (RDSa.L) declared force majeure on its
Forcados oil shipments on March 7 after explosions on a
pipeline. Its Bonny Light BON-BFO exports remain affected by
previous attacks. The company has extended force majeures on
both streams into July.
* Shell said on June 29 it shut in some production while it investigated reports of attacks on two well clusters in its Estuary Field in the western Niger Delta, which feeds into its Forcados oil export terminal. Trade sources say around 153,000 bpd of Forcados was due to load in July but none has been scheduled so far for August, probably due to attacks. The crude oil stream has the potential to export up to about 300,000 bpd and exported over 290,000 bpd in April. But Bonny Light exports have recovered over the last two months and now appear to be down only about 30,000 bpd.
* U.S. energy company Chevron CXV.N said on May 25 it shut in approximately 100,000 bpd of oil production from its swamp operations in Delta state following a strike by militants. MEND said it was responsible for at least three separate attacks on Chevron oil and gas facilities in June, but the military denied some of the attacks occurred and blamed outages on accidents and other issues. Trade sources say attacks affected the movement of oil to a local refinery but has not affected exports.
* Italian energy group ENI (ENI.MI) and its oil unit Agip
said an attack on a pipeline linking production centres to the
Brass River export terminal halted production of around 33,000
bpd of oil and 2 million cubic metres of gas per day. The
Italian firm declared force majeure on crude oil exports from
Brass River on June 23. But traders say output of Brass River
appears mostly to have been restored and seven full or part
cargoes are due to load in August from the terminal.
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* The following table is a breakdown of production cuts in bpd as provided by oil companies and by industry sources.
* All affected projects are joint ventures between state-run Nigerian National Petroleum Corp. (NNPC) and other oil majors, primarily Shell. Field Operator Output Outage Latest Shut In Bonga Shell 30,000 Jun 2008 Bonny Light Shell 30,000 Mar 2009 Brass River Eni 30,000 Jun 2009 EA Shell 32,000 Jly 2006 Escravos Chevron 30,000 May 2009 Forcados Shell 300,000 Jly 2009 Total - 452,000 - (Reporting by Christopher Johnson; editing by James Jukwey)
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