Nigeria's oil production has fallen by at least 200,000 barrels per day (bpd) since a militant attack forced the closure of the major Trans Forcados Pipeline (TFP) on Wednesday, industry sources said. The attack pushes the west African country's output back below 2 million bpd.
Nigeria's oil minister said on Tuesday that overall production had recovered to around 2.1 million bpd following months of attacks, mainly by the Niger Delta Avengers, on various oil installations that had cut output by over 600,000 bpd.
Local oil company Shoreline said its 35,000 bpd of output was shut as a result of the pipeline closure. Several other local producers link up to the TFP including London and Lagos listed Seplat.
Exports of Forcados that only just resumed in October are expected to continue at a reduced rate. Force majeure was imposed earlier this year after an attack on a sub-sea pipeline in February and had not yet been lifted.