Setback for Nigeria’s Plan to Raise Oil Output as Aiteo Shuts Nembe Field after Leak – THISDAYLIVE

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•NOSDRA confirms spill, says incident already reported to agency

Emmanuel Addeh and Olusegun Samuel in Abuja

Nigeria’s aspiration to increase oil production significantly in the coming weeks suffered a setback yesterday after one of the country’s biggest indigenous hydrocarbons producers, Aiteo Eastern Exploration and Production Company (AEEPCO), announced the shutdown of its oilfield in the Niger Delta.

AEEPCO is the operator of the NNPC/Aiteo Joint Venture (JV) on Oil Mining Licence (OML) 29 in Nembe Kingdom, Bayelsa State.

In a statement yesterday, the firm stated that the  leak was reported on Monday, June 17, 2024, during routine operations.

It’s unclear how many barrels of oil the asset was producing at the time of the incident, but it was learnt that OML 29 consists of nine fields, including the iconic Oloibiri Oilfield and holds 2.2 billion barrels of oil equivalent, while its hydrocarbon fields could deliver as much as 160,000…



Source: Thisday Newspaper