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ExxonMobil lifts force majeure on Nigerian production 

BY OBAFEMI OREDEIN

IBADAN, Nigeria--A local unit of Exxon Mobil Corp., Mobil Producing Nigeria, said it has lifted the force majeure it declared on Nov. 20.

"We express our gratitude to all customers, purchasers and joint venture partner, the NNPC, for their understanding during the production outtage," the company said in a statement, referring to Nigeria' s National Petroleum Corporation.

The company declared a force majeure on exports of Qua Iboe crude from Nigeria due to an oil spill on Nov. 9

A force majeure is declared when a company is unable to fulfill its contractual obligations to deliver crude due to circumstances beyond its control.

Dow Jones Newswires

 


 

12/10/2012

 

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