The company said the closure of the pipeline system, comprising the 28inch and 24inch streams resulted in the deferment of 150,000 barrels of oil per day.
It also led to tank tops and non-evacuation of condensate from Okoloma Gas Plant which supplies Afam VI Power Plant with feed gas.
The company’s Media Relations Manager, Tony Okonedo puts the total daily loss from the TNP shutdown alone to about $15 million (N2.4 billion).
He said: “SPDC had to shut down Okoloma Gas Plant today (Yesterday) as it could not continue to produce gas without the evacuation of condensate. Afam VI Power Plant was available at 624MW capacity, but supplying only 105MW to the national grid due to reduced gas volume at the time of shutdown.”
According to him, the latest leak on the TNP occurred on the 24inch stream at Owokiri on 11 July, adding that a Joint Investigation Visit comprising government agencies, community and civil society representatives and SPDC personnel found that unknown persons had installed a 6inch crude theft valve on the facility.
He said SPDC repaired that leak, and is working to remove other crude theft points that were discovered in the process, stressing that the 28inch TNP had earlier been shut for removal of similar oil theft connections.
He disclosed in a statement that Shell is striving to repair the TNP as quickly as possible, and restore operations that will enable power generation to resume at Afam VI.
He said: “SPDC is deeply concerned about the negative impact of incessant crude theft activities on lives and environment in the Niger Delta, and also the loss of electricity to businesses and households across the country.”