Renaissance Confirms Oil Leak, Shuts Crude Feed into Facility
The Renaissance Africa Energy Company Limited has confirmed an oil leak from its facility in Ikata, Rivers State. Renaissance Africa Energy is a consortium of five Nigerian oil and gas companies that acquired Shell’s onshore assets in Nigeria.
Its spokesman, Mr Michael Adande, said in a statement in Tuesday that the company had shut crude feed into the 14-inch Okordia-Rumuekpe Pipeline.
Adande said that the move was to isolate and discontinue production into the pipeline in order to minimise potential environmental impacts. He further said that Renaissance was working with regulators to convene a Joint Investigative Visit (JIV) to the impacted site.
JIV is a statutory probe that follows reported oil spill incidents by the operator, regulators, and host communities to ascertain the cause, volume, and impacts. #Renaissance Confirms Oil Leak, Shuts Crude Feed into Facility Equities Investors Gain N1.04trn as Nigerian Stocks Boom
