Renaissance Group confirmed an explosion on its Trans-Niger pipeline in Rivers state and dispatched a joint investigation team. The incident, which occurred on Monday night, caused a fire, with images showing thick smoke in the area. The pipeline is now managed by Renaissance after acquiring Shell’s stake. It is vital for transporting crude oil to the Bonny export terminal.
Renaissance Group reported an explosion on its Trans-Niger oil pipeline located in the coastal Rivers state and has deployed a team to investigate the incident. Tony Okonedo, the spokesperson for Renaissance Group, confirmed this development to Reuters, indicating that a joint investigation team is en route to the location, although further specifics were not disclosed.
The explosion reportedly ruptured a segment of the Trans-Niger Pipeline (TNP) in the Bodo community, within the Gokana Local Government Area of Rivers state. The event occurred late Monday night and resulted in a significant fire, with visuals shared online depicting thick black smoke and flames rapidly engulfing the surrounding mangrove forest.
The TNP, which is now operated by Renaissance, was previously managed by the Shell Petroleum Development Company of Nigeria Limited (SPDC). This pipeline is crucial, with a transportation capacity of approximately 450,000 barrels per day, facilitating crude movement from onshore oilfields to the Bonny export terminal.
On March 13, Renaissance Africa Energy Holdings announced the successful completion of the acquisition of Shell’s entire 100 percent equity stake in SPDC, marking a significant transition. Renaissance is a consortium that includes several Nigerian exploration and production companies such as Aradel Energy, First E & P, Waltersmith, and ND Western, alongside the international energy firm Petroline.
In summary, the explosion on the Trans-Niger oil pipeline has prompted Renaissance Group to undertake an immediate investigation. This incident highlights the critical nature of the pipeline, its operational transition from Shell to Renaissance, and its significance in transporting crude oil. The response from Renaissance Group demonstrates their commitment to addressing the situation promptly and effectively.
Original Source: www.thecable.ng
