Shell Petroleum Development Company in the Niger Delta region reportedly needs more than $500 million to repair damages to the company�s facilities.
According to the oil multinational’s management �uninterrupted theft� of the major components of its facilities in the region – especially in its western division of operation in Bayelsa and Delta States.
The Punch reports that the oil firm said 350 kilometres of its pipelines have so far been ripped off and carted away by unknown persons in the region.
The cost of the stolen flow line was put at about $50 million.
The company said some strategic oil exploration equipments, including valves and well-heads of its abandoned flow stations and manifolds in the western swamps had been stolen by unidentified persons, the report said.
The company, according to the Punch, had documented a film which was presented to Nigeria’s chief of defence staff, general Martin Luther Agwai, who visited operations of the oil company recently.
Making the presentation, Shell�s head of services said the cost of the repair was provisional.
Ajuya said the costing was done in June, adding more damages which might alter the figure were being discovered on a daily basis.
He identified key production assets destroyed and stolen to include Ekeremor and Chanomi manifolds, North Bank Tying-in Agge BVS, Aghoro BVS, Batan and Odidi flow station, among many others.
In recent reports, Shell�s general manager in western division, Cor Zegelar, told Agwai that his company would not resume operations in the riverside fields in Bayelsa and Delta states until it was safe to do so.