Exxon Mobil gives Nigeria production warningFebruary 8, 2013 @ 6:27 am
LAGOS, Nigeria (AP) - Exxon Mobil PLC has warned that it won't be able to meet its production forecast for Qua Iboe crude oil pumped from Nigeria due to pipeline repair work.
The oil major's Nigerian subsidiary said in a statement late Thursday it had declared a "force majeure" warning for shipments of its Qua Iboe crude oil _ meaning the company cannot cover the promised supply from the field.
The company said it was working to repair a section of a major pipeline and that production continues in fields which aren't affected by the damaged pipeline.
The statement did not say when the lines would be running at capacity again.
Nigeria, which produces more than 2 million of barrels of oil a day, is a top crude oil supplier to the U.S.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.