LONDON, July 14 (Reuters) - Shell has lifted aforce majeure on exports of Nigeria's Forcados crude oil streamthat had been in place for more than two months, the companysaid on Tuesday.
"The Shell Petroleum Development Company Joint Venturelifted the force majeure on exports from Forcados Terminaleffective 18:00 Nigerian time yesterday, July 13, 2015," Shellsaid in a statement. "This followed the completion of repairs onthe NPDC-operated Trans Forcados Pipeline."
The company declared force majeure on the evening on May 5following "a series of leaks" in the Trans Forcados pipelinethat brings the oil to the export terminal.
The original plan of exports for Forcados crude in Julyincluded seven cargoes with a total of 6.3 million barrels ofoil, though traders said several of the cargoes have alreadybeen deferred to August as a result of loading delays.
An overhang of light sweet crudes in the Atlantic Basin hasdepressed differentials to dated Brent and limited the impact ofrecent supply disruptions on some West African crude oil grades. (Reporting by Libby George; Editing by Mark Potter)
