Renaissance Group Initiates Investigation into Trans-Niger Pipeline Explosion

Renaissance Group confirmed an explosion on its Trans-Niger pipeline in Rivers State, deploying a team for investigation. The incident occurred in Bodo and led to significant fire and thick smoke. The pipeline, now operated by Renaissance after acquiring it from Shell, is vital for oil transport.

The Renaissance Group has confirmed an explosion on its Trans-Niger oil pipeline located in the coastal Rivers State and has appointed a team to investigate the incident. Tony Okonedo, the spokesperson for Renaissance Group, verified the occurrence to Reuters on Tuesday, stating that a joint investigation team has been deployed to the site but declined to provide further specifics.

The incident, which transpired late Monday night, has disrupted a segment of the Trans-Niger Pipeline (TNP) in the Bodo community of Gokana Local Government Area. The explosion ignited a fire within the vicinity, and online footage depicted substantial black smoke and flames rapidly engulfing the surrounding mangrove forest.

Renaissance Group currently manages the TNP, which was previously under the operation of Shell Petroleum Development Company of Nigeria Limited (SPDC). This pipeline, which boasts a capacity of approximately 450,000 barrels per day, serves as a crucial conduit for transporting crude oil from onshore fields to the Bonny export terminal.

On March 13, Renaissance Africa Energy Holdings announced the successful completion of its acquisition of Shell’s entire equity holding in SPDC. Renaissance operates as a consortium that comprises various Nigerian exploration and production firms, including Aradel Energy, First E & P, Waltersmith, and ND Western, along with the international energy group Petroline.

In conclusion, the Renaissance Group is actively investigating an explosion on its Trans-Niger pipeline in Rivers State. The incident has resulted in significant fire and smoke damage in the area and involves a critical oil transport route. The pipeline is now under Renaissance’s management after acquiring it from Shell, highlighting the consortium’s expanding role in Nigeria’s oil sector.

Original Source: www.thecable.ng