Nigeria suffered 327 oil spill incidents, with the loss of 17,169.872 barrels of crude oil in 2020, according to data obtained from the National Oil Spill Detection and Response Agency (NOSDRA).

Using average crude oil price of $45 per barrel for the period and average exchange rate of N379 to a dollar, the loss of 17,169.872 barrels of crude oil translated to a loss of $772,644.22, an equivalent of N292.83 million. In a report on oil spill for 2020, published recently, NOSDRA stated that 10 out of the total of 327 oil spill incidents were not visited by Joint Investigation team (JIV); while 68 of these had no estimated quantity of oil spilled provided by the company.

It noted that there were no major oil spills, a situation where over 250 barrels of crude oil were spilled into inland waters, or over 2,500 barrels spilled on land, swamp, shoreline and open sea. However, it added that 18 medium oil spills were recorded, while 228 minor oil spills were also recorded, noting, however, that 77 of the oil spills could not be categorized.

The NOSDRA report explained that medium oil spills, involves a situation where 25 to 250 barrels of crude oil were spilled into inland waters, or 250 to 2,500 barrels spilled on land, swamp, shoreline and open sea; while minor oil spillage involves up to 25 barrels of crude oil spilled into inland waters, or 250 barrels spilled on land, swamp, shoreline and open sea.

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Source: SweetCrudeReports