Following the blowing up of Chevron’s Valve Platform Wednesday night by Niger Delta militants, Nigeria will be losing an estimated $5.3 million daily, equivalent of N1.05 billion.
The militants blew up the platform located on the high sea near Escravos in Warri South West Local Government Area of Delta State.
It was gathered that Chevron operations in the area would be halted as the platform is a major connecting point where all other platforms link up and serves as a fulcrum to Chevron BOP and the Chevron tank farm.
Also, it was learnt that nothing less than 130,000 barrels of oil per day would be lost to the incident.
By calculation, and going by the current price of crude in the international market, $41.02, the country would be losing an estimate of $5.3 million daily.
An oil expert described the attack as a major setback to the country’s oil production, saying the facility is among the company’s most significant platforms.
Though Chevron was yet to come out with an official statement on the attack, a new militant group in the region, the Niger Delta Avengers (NDA), has claimed responsibility.
According to a statement issued by the group’s spokesman, Madoch Agbinibo, “The high command of the Niger Delta Avengers wants to use this medium to thank Strike Team 6 for successfully blowing up the Chevron Valve Platform. And we are ready to protect the Niger Delta people.
“This is what we promised the Nigerian government. Since they refused to listen to us we are going to zero the economy of the country.
“As for zeroing the Nigerian economy, the Niger Delta Avengers is done with Delta State major oil installations. Now, we are taking the fight out of the creeks to the Niger Delta. We are taking it to Abuja and Lagos now.