Breaking News: ENI suspends oil drilling in Bayelsa state

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Italy’s ENI curbs activities in Nigeria due to oil theft – Lead

03/23/2013 14:32 GMT – ITALY-NIGERIA-ENERGY-OIL-CRIME-COMPANY-ENI – World News (EAA) – AFP

ENI: crude theft, 60 % of what it produces, makes it shut down

Italian energy major ENI said on Saturday it had suspended its activities in Bayelsa state in southern Nigeria due to frequent thefts from pipelines. Bayelsa is the home state of Nigeria’s President Goodluck Jonathan, where militants and warlords are enjoying state funds under amnesty programme.

“The decision was taken due to an intensification of bunkering activities, or sabotage of the pipelines,” the company said in a statement issued in Rome.

ENI said it had completely suspended all onshore activity at the Swamp Area site in Bayelsa in the night between Thursday and Friday.

The company said the theft of oil from the pipelines “had reached levels that were no longer sustainable recently both from the point of view of safety for people and for the damage caused to the environment by these activities.”

The Italian oil major was producing between 35,000 and 40,000 barrels of oil equivalent per day at the site and the theft and losses due to sabotage had reached up to 60 percent of production.

An estimated 250,000 barrels of oil are stolen in the Niger Delta daily, about 10 per cent of Nigeria’s daily production. Shell, the biggest oil producer in Nigeria, has drawn attention countless times, to this unbridled theft of crude in the region, but nothing has been done by the authorities to stem it.

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