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Oando Announces Closure of NAOC Evacuation Pipeline

Source: www.gulfoilandgas.com 11/12/2012, Location: Africa

Oando Energy Resources Inc, a company focused on oil exploration and production in Nigeria, announced that it has been informed by Nigerian Agip Oil Company Limited (“NAOC”) of evidence of leakages on the 10 inch Kwale-Akri oil delivery line, causing NAOC to temporarily close the pipeline. NAOC has been unable to inspect the line to determine the extent of damage, as flooding due to bad weather has caused the area to be inaccessible. All production evacuated through this pipeline will be temporarily shut in pending NAOC’s ability to access, inspect and repair the line. The Ebendo Field currently evacuates its production through this pipeline to the Brass export terminal. The Company will provide operational updates to investors on the progress of these repairs as they become available. OER owns a 42.75% non-operating interest in the Ebendo Field (OML 56).

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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