Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-Seven killed in oil platform ladder installation blast in southern Nigeria

Published 08/07/2020, 16:02
Updated 08/07/2020, 16:06
© Reuters.

(Adds details, background)
ABUJA, July 8 (Reuters) - Seven people were killed in an
explosion at the Gbetiokun oil field in southern Nigeria's Niger
Delta region during the installation of a ladder on a platform,
the state oil company said on Wednesday.
Accidents and pipeline attacks in the Niger Delta are common
in Nigeria, cutting into the country's oil output. Pipelines in
the region are exposed and often unguarded, making them easy
targets for anyone with access to explosives.
International oil companies have increasingly focused on
offshore projects in Nigeria, partly to offset the risk to
onshore operations in the Niger Delta.
The latest accident occurred at OML 40, operated by a
subsidiary of state-owned oil firm NPDC and the Elcrest joint
venture. NPDC did not say whether production was affected.
"Detailed investigation of the cause of the explosion has
commenced, while the Department of Petroleum Resources has been
duly notified," the Nigerian National Petroleum Corporation said
in a statement about the incident, which happened on Tuesday.
It said "all personnel on board the platform" had been
accounted for.
Nigeria, Africa's top oil exporter, is battling the impact
of lower crude prices on government revenues and its currency
after a coronavirus pandemic crashed demand for crude.

(Reporting Paul Carsten and Camillus Eboh
Writing by Alexis Akwagyiram and Chijioke Ohuocha;
Editing by Mark Heinrich)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.