Construction of the 160, 000 barrels Amukpe-Escravos pipeline is gradually drawing to a close, as SweetcrudeReports leant that first liftings is expected at the fourth quarter of this year.
Nigerian indigenous oil firm, Seplat had in 2019, stepped in to bail out the Pan Ocean and NNPC Joint Venture, JV when the duo ran out of funding for the 67-kilometre alternate export pipeline.
Sources close to the matter hinted SweetcrudeReports that the pipeline was one of the three projects scheduled by Pan Ocean/NNPV JV to have been launched in June 2019.
It was, however, put on hold after news broke that Pan Ocean’s license on OML 98 had been withdrawn by the Department of Petroleum Resources, DPR.
SOURCE: sweetcrudereports.com
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