Shell Says Nigerian Oil Theft Volume Dropped By Almost 80% In 2016

Shell Says Nigerian Oil Theft Volume Dropped By Almost 80% In 2016

Shell said in its annual sustainability report that the volume of oil stolen from its joint-venture operations in Nigeria fell to 5,600 barrels of oil per day (bpd) in 2016, Reuters reports.

This represents a 77.6-percent fall from 25,000 bpd in oil thefts in 2015 partly due to better air and ground surveillance and anti-theft mechanisms installed on equipment. Shell said its Nigerian subsidiary Shell Petroleum Development Company (SPDC) had removed more than 880 theft points since 2012.

Shell also said the number of sabotage-related oil spills fell to 45 in 2016 from 93 the previous year, despite a resurgence in attacks on oil and gas facilities in the Niger Delta. It registered seven operational spills last year, down from 16 in 2015, spilling 200 tonnes of oil.

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