Following the attack on Wednesday night, Chevron Nigeria Limited has claimed to have lost thousands of barrels worth of oil production capacity since militants blew up an offshore platform in renewed violence that could hit exports from Africa’s largest oil producer.
Militants who claimed to be Niger Delta Avengers used explosives to blow up the Okan platform, a collection facility for offshore oil and gas that feeds the Escravos terminal in Delta State. The impact of the attack was significant as Chevron’s net daily production in 2014 averaged 240,000 barrels of crude oil, 236 million cubic feet of natural gas and 6,000 barrels of liquefied petroleum gas, according to the company’s website.
Chevron Nigeria Limited operates the joint venture with Nigeria’s giant state-run oil firm, Nigeria National Petroleum Corporation. The upsurge of attacks risks hitting crude supplies at a time when Nigeria’s oil-dependent economy is facing a slump because of the fall in global prices.