Aiteo announces reopening of Nembe Creek Trunk Line
Aiteo Group, an independent oil producer, have confirmed the reopening of Nembe Creek Trunk line (NCTL) that was shutdown over a fire outbreak about two weeks ago.
“Our Emergency Pipeline Repair teams have successfully completed leak repair activities on all reported leak points on the NCTL. “Consequently, all injectors have been advised to re-align and commence start-up formalities immediately and advise on their start up times,” according to a statement from Aiteo.
Aiteo produces 150,000 barrels of oil per day.
Aiteo Group is an integrated, global-focused Nigerian energy conglomerate founded in February 2008 by Benedict Peters.
The company has significant business interests in oil and gas exploration and production; bulk petroleum storage; refining of petroleum products; trading, marketing and supply as well as power generation and distribution. Its subsidiaries are Aiteo Eastern Exploration and Production Company Limited (AEEPCo) and Aiteo Power. Aiteo Group acquired OML 29 from Royal Dutch Shell and emerged as Nigeria’s leading oil and gas company after successfully tripling production levels.