Renaissance Group confirmed an explosion on the Trans-Niger oil pipeline in Rivers state and initiated an investigation. The incident occurred late Monday night, resulting in significant fire and smoke in the Bodo community. The pipeline, now managed by Renaissance, is vital for transporting crude oil to the Bonny export terminal and has a capacity of 450,000 barrels per day.
Renaissance Group has reported an explosion on its Trans-Niger oil pipeline located in Rivers state. A team has been mobilized to investigate the incident, as confirmed by Tony Okonedo, the group’s spokesperson, in a statement to Reuters. Specific details regarding the situation remain undisclosed.
The explosion occurred in the Bodo community of Gokana LGA late Monday night, resulting in significant fire in the vicinity. Eyewitness accounts and videos shared online depict thick black smoke and flames rapidly engulfing the nearby mangrove forest.
Previously operated by Shell Petroleum Development Company of Nigeria Limited (SPDC), the Trans-Niger Pipeline is now managed by Renaissance. With a capacity to transport approximately 450,000 barrels of crude oil per day, it serves as a crucial transport route from onshore oilfields to the Bonny export terminal.
Renaissance Africa Energy Holdings had announced on March 13 that it had successfully acquired Shell’s full equity stake in SPDC. The consortium led by Renaissance includes various Nigerian exploration and production companies, such as Aradel Energy, First E & P, Waltersmith, and ND Western, as well as international energy group Petroline.
In summary, Renaissance Group is actively investigating a recent explosion on the Trans-Niger pipeline, which has impacted the coastal region of Rivers state. The incident has resulted in a fire and extensive smoke, threatening the local environment. The pipeline’s significant capacity underscores its importance in transporting Nigerian crude oil, further highlighting the impact of this explosion amidst Renaissance’s recent acquisition of Shell’s interests in the region.
Original Source: www.thecable.ng
