AFRICA: ExxonMobil's Nigeria unit producing at pre-strike levels

ExxonMobil's Nigeria unit restored oil production to pre-strike levels after being forced to shut down output last month.

"Production operated by ExxonMobil upstream affiliates in Nigeria has been restored to pre-shut-in levels," company spokeswoman Gloria Essien-Danner said in an e-mailed statement.

ExxonMobil declared force majeure on oil exports after the Petroleum & Natural Gas Senior Staff Association of Nigeria, or Pengassan, began a strike April 24 over pay, halting about 860,000 barrels of crude a day, according to a union official. In 2007, the gross operated production of ExxonMobil's Nigerian affiliates was about 800,000 barrels a day, according to company spokeswoman Margaret Ross. She declined to comment on whether force majeure had been lifted.

Force majeure is a legal clause allowing producers to miss contracted deliveries because of circumstances beyond their control.

Source: Bloomberg

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