Shell Shuts Down Floating Crude Oil Storage Facility Over Leakage

Shell Shuts Down Floating Crude Oil Storage Facility Over Leakage
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A Shell Floating Production Storage and Offloading (FPSO) vessel which had been operating off the Bayelsa coastline, has been temporarily shut down due to water leakage.

SPDC Spokesman, Mr Michael Adande who disclosed this in a statement on Thursday, said the vessel has been safely anchored for repairs. He had also stated that the offshore crew on board the vessel christened Sea Eagle, reported the water inflow into the hull of the facility on July 24.

”The water inflow did not affect the section of the FPSO where any crude is stored.

”An emergency response team has been successfully activated to respond to the incident and to contain the water inflow,” he said.

Adande said that the FPSO could store up to 1.4 million barrels of processed crude, and had a production capacity of 170,000 barrels per day.

In another report, Oil giant Shell has revealed that it has concluded plans to sell its stake in all joint ventures with Gazprom after Russia’s invasion of Ukraine.

The announcement came after UK Foreign Secretary Liz Truss disclosed that more than three million Russian companies, including Gazprom, would be unable to access funding from London-based financial institutions as a result of the latest sanctions slammed on them.

That will mean they will ‘no longer be able to issue debt or equity in London’, she told parliament.

European football’s governing body UEFA also ended its estimated 40-million-euro sponsorship deal with Gazprom and this season’s Champions League final was moved from the Gazprom Arena in Saint Petersburg.

In a statement to the London Stock Exchange, Shell said it would sell its 27.5-percent stake in the oil and gas project Sakhalin-2, on Sakhalhin island, in Russia’s far east.

 

Africa Daily News, New York

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