This answers Thursday and Fridays strange trading bid/ask's- mid last week
" Shell resumes oil flows from Key Nigerian Terminal "
- after (months) long pause
- resumption of oil flowing into Forcados for export could lead to a sharp increase of Nigerias exports
Decklar and its co-venturer Millenium Oil & Gas Company Limited (“Millenium”) are pleased to announce that the 7,800 barrels of crude oil (“bbls”) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal. The 7,800 bbls are ready for export pending the completion of certain repairs to the offshore loading system. In the meantime, an additional 30,000 bbls has been produced from the Oza Oil Field and is currently being stored in tanks at the Oza-1 wellsite. These 30,000 bbls will be the initial barrels transported to the new export facilities, as detailed below. Once part of this crude has been shipped from the Oza Oil Field tanks, the Oza-1 well will be brought back onto production, with the ultimate goal being the provision of a stable, ongoing supply of crude oil into new alternative export facilities.