ExxonMobil halts Erha crude exports after equipment damage
Esso Exploration & Production Nigeria Limited, an affiliate of ExxonMobil, has declared force majeure on crude exports from its Erha deepwater field. The decision follows unexpected damage to the floating buoy supporting export operations at the Erha Floating Production, Storage and Offloading facility. The Erha field is a major deepwater asset in Nigeria, capable of producing about 200,000 barrels per day. The disruption could impact Nigeria’s crude output, exports, and government revenue if it continues.
TLDR
- Esso Exploration & Production Nigeria Limited declared force majeure on Erha crude exports due to equipment damage.
- The affected Erha field is one of Nigeria’s largest deepwater oil assets.
- The floating buoy at the Erha FPSO suffered unexpected damage, halting export operations.
- EEPNL is working to restore operations and has notified stakeholders.
- Prolonged disruption may reduce Nigeria’s crude output and affect foreign exchange and government revenue.
