14 July 2011
"We are now back to the original loading schedule at the terminal," Precious Okolobo told Dow Jones Newswires. He said force majeure was declared June 13.
Okolobo said force majeure was declared after leaks were found on the company's Trans Niger Pipeline in the Niger Delta.
Force majeure is a term in a contract that can be invoked when conditions beyond the control of the company make it impossible for it to fulfill terms to which it originally agreed.
Okolobo didn't say whether the pipeline had returned to full capacity of 150,000 barrels a day, noting that the company doesn't provide production figures.