77
Oil Giants, Eni, the parent company of Nigerian Agip Oil Company has declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa, capital of Bayelsa state.
The declaration means a drop of 25,000 barrels of crude oil and 13 million standard cubic metres of gas per day from the terminal.
A Force Majeure is a legal clause in contracts which absolves firms from legal liabilities due to circumstances beyond their control.
Eni stated that the blast which occurred a couple of days ago resulted from an attack on the facility.
It said the incident occurred on the Ogoda/Brass 24 oil line at Okparatubo in Nembe Local Government Area of Bayelsa.