…Renaissance Consortium Worse Hit
….Police Arrest Two Over Trans-Niger Pipeline Explosion In Rivers
Production of more than 450, 000 barrels of crude oil is at risk following an explosion reported on Tuesday at the Trans-Niger Pipeline (TNP) in Rivers State.
The pipeline is considered one of Nigeria’s biggest oil pipelines. It is a major crude oil transportation pipeline in the Niger Delta region, which is known for its significant oil reserves.
The consortium, which includes Nigerian exploration and production companies Aradel Energy, First E & P, Waltersmith, and ND Western, along with the international energy group Petroline, now operates Shell’s former onshore subsidiary in Nigeria.
Operated by Renaissance and the Nigerian National Petroleum Company Limited (NNPCL), it spans approximately 180 kilometres (112 miles).
The TNP is an important infrastructure for transporting crude oil from oilfields in the Niger Delta to export terminals, primarily the Bonny Export Terminal. Its over 450,000 barrels of crude oil per day capacity, makes it a significant contributor to Nigeria’s oil production and export.
The incident, which occurred in Rivers State, is the latest in a series of political crises plaguing the country’s oil infrastructure.
The explosion, reported late Monday evening sent plumes of thick smoke into the sky, visible from miles away.
Residents described hearing a loud blast followed by intense heat and flames. While the cause of the explosion is yet to be known, authorities say investigation is ongoing.
Police authorities in Rivers have since arrested two persons over the explosion that rocked the Bodo community
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