An estimated 84 million barrels of Nigerian crude oil is currently stranded at sea, a report by Wall Street Journal has said.
In an April 27 report, the newspaper said cargo ships filled with Nigerian crude had nowhere to go and Nigerian oil companies were competing to fill the “last few empty tankers still left at sea”.
The tankers are reported to be coming from production fields managed by Royal Dutch Shell and Exxon Mobil.
According to experts, it would be risky to shut down production in some oil fields as the wells are “too old to be restarted once they go idle”.
