ExxonMobil to try alternate pipeline to export Nigeria's Qua Iboe crude
Reuters
Published Aug 11, 2016 12:16
ExxonMobil to try alternate pipeline to export Nigeria's Qua Iboe crude
LONDON (Reuters) - ExxonMobil (N:XOM) is working on a plan to export Qua Iboe crude oil via an alternate pipeline while it works to repair damage to the main export line sustained in July, sources told Reuters.
The crude oil grade, Nigeria's largest export stream, has been under force majeure since mid-July, when the company said it detected a "system anomaly" on the line.
Sources said the company later found substantial damage to the subsea line that would take at least one to two months to repair.
An Exxon spokesman declined to comment on the plan to use an alternative pipeline, saying: "We're continuing to make progress, but we would not speculate on a timeline for repairs."
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Written By: Reuters
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