30 Days of Force Majeure for Qua Iboe Crude
Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal, sources told Reuters.
Exxon declared force majeure last week citing a "system anomaly" it observed during a routine check. Sources told Reuters this week that the pipeline lost pressure while loading a cargo of crude oil, and that the company subsequently discovered a leak on the underwater pipeline.
An Exxon spokesman declined to comment on any leak or a timeline for repairs. Sources said repairs needed were more extensive than initially thought, and would not begin this week. The force majeure was likely to remain in place for a minimum of one month, several sources said.
Reporting By Libby George and Julia Payne
