Nigeria’s Crude Production May Dip As Aiteo Shuts 50,000bpd OML 29

Aiteo Eastern E&P said the leak was reported on Monday during routine operations in the Nembe area of Nigeria’s oil-rich Bayelsa State.

The facility, which operates under the NNPC/Aiteo Joint Venture, was closed down on Monday following a leak detected during routine operations.

The OML 29 field, which has 11 oil and gas fields, including four producing fields, currently producs over 120,000 barrels of oil per day. The shutdown is expected to significantly reduce Nigeria’s daily crude oil production, which currently stands at about 1.5 million barrels per day.
The Nembe Creek facility is the largest of 11 fields under an oil mining lease operated by Aiteo, which also produces significant natural gas volumes that supply the Nigeria Liquefied Natural Gas (LNG) plant at Bonny Island.