A local unit of Exxon Mobil Corp., Mobil Producing Nigeria, said Monday it has lifted the force majeure it declared on Nov. 20.
"We express our gratitude to all customers, purchasers and
joint venture partner, the NNPC, for their understanding during the
production outtage," the company said in a statement, referring to
Nigeria's National Petroleum Corporation.
The company declared a force majeure on exports of Qua Iboe crude from Nigeria due to an oil spill on Nov. 9
A force majeure is declared when a company is unable to
fulfill its contractual obligations to deliver crude due to
circumstances beyond its control.