30 Days of Force Majeure for Qua Iboe Crude

 

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.