Business News of Tuesday, 21 January 2025

Source: www.mynigeria.com

Vandals responsible for Buguma wellhead fire - NNPC reveals

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that the fire incident at its Buguma wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL), was mainly caused by the activities of pipeline vandals.

According to the company, the vandals tried to steal crude oil, resulting in a devastating fire that also severely damaged the well’s back pressure valve.

The chief corporate communications officer of NNPC Ltd, Olufemi Soneye made this known in a statement on Monday, January 20, 2024.

Mr Soneye stated: “The Nigerian National Petroleum Company Limited (NNPC Ltd) reports that the fire incident at its Buguma wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL), was directly caused by the activities of pipeline vandals attempting to compromise the Christmas tree and steal crude oil.

“This unfortunate act of sabotage, which also resulted in severe damage to the well’s back pressure valve, reflects a disturbing pattern of repeated attacks on wellheads in the zone.”

According to him, since March 2023, crude oil theft on this asset has been continuous, with criminals now resorting to extreme measures, which includes the use of dynamite to destroy installations and illegally access hydrocarbons.

He continued that: “The company is working closely with relevant security agencies to put an end to these acts of vandalism.

“Additionally, NNPC Ltd reaffirms its commitment to supporting communities affected by these destructive activities and will continue to provide necessary relief efforts to mitigate the impact on those affected.”