Renaissance Group is investigating an explosion on its Trans-Niger pipeline in Rivers State. The incident occurred late Monday in the Bodo community, causing a fire observed through online videos. The TNP, now managed by Renaissance, was previously run by Shell. The consortium includes several Nigerian and international energy companies, reinforcing its operational capabilities after acquiring Shell’s stake.
Renaissance Group has reported an explosion on its Trans-Niger oil pipeline located in Rivers State and has initiated a formal investigation into the incident. Tony Okonedo, the spokesperson for Renaissance Group, confirmed this development to Reuters, stating that a joint investigative team has been dispatched to the site, with no further details provided as of now.
The explosion took place in the Bodo community within Gokana Local Government Area late Monday night, resulting in a significant fire in the vicinity. Eyewitness accounts, accompanied by a video shared online, depicted thick black smoke and flames rapidly engulfing the surrounding mangrove forest.
The Trans-Niger Pipeline (TNP), currently under Renaissance’s management, was previously operated by the Shell Petroleum Development Company of Nigeria Limited (SPDC). This pipeline has a transport capacity of approximately 450,000 barrels of crude oil per day, serving as a vital route that channels oil from onshore fields to the Bonny export terminal.
On March 13, Renaissance Africa Energy Holdings announced the successful completion of its acquisition of Shell’s entire equity stake in SPDC. The consortium includes various Nigerian exploration and production firms, such as Aradel Energy, First E & P, Waltersmith, and ND Western, together with the international energy group Petroline.
The recent explosion on the Trans-Niger pipeline underscores the ongoing challenges associated with oil transportation in Nigeria. Renaissance Group’s prompt response to investigate the incident highlights its commitment to safety and environmental stewardship. As the investigation unfolds, further implications for the regional oil industry may emerge, particularly in relation to operational transitions following the acquisition of SPDC’s interests.
Original Source: www.thecable.ng
