Shell investigates in Nigeria after report of nine-year oil theft

Source: Reuters.

An Nigerian National Petroleum Commission (NNPC) spokesman said on Sunday the theft point extended from the Trans Escravos pipeline and that the Afremo platform, operated by the Shell Petroleum Development Company of Nigeria (SPDC), was the suspected exit point of the stolen crude.

"We are also conducting an investigation to establish where the theft lines end and whether there have been any breaches of the unmanned platform's security barriers namely locks, or any unauthorised use of the equipment on it," an SPDC spokesperson said in an email.

SPDC said it had detected illegal connections as part of regular surveillance and would launch a joint investigation with regulators to "establish the nature and condition" of the lines before removing them.

NNPC pointed to the theft line discovery as evidence that Nigeria's co-ordinated interventions, including contracts with companies owned by former militants to crack down on theft - were paying off.

Large-scale theft from Nigeria's pipelines has throttled exports, forced some companies to shut in production and crippled the country's finances.