Investor Presentaiton
ACCIDENT AT BENIN RIVER VALVE STATION ON OML40
Investigation ongoing into explosion on maintenance barge
SUMMARY
> Seven fatalities amongst third-party contractors; our
thoughts and prayers are with the families and
friends of all those who lost their lives
> Accident occurred on mooring dolphin at Benin River
Valve Station, which is Gbetiokun crude injection
point into TEP for export to Forcados Terminal
> The mooring dolphin was being modified to receive a
larger self-propelled barge
> The BRVS is 30km away from the Gbetiokun
upstream operations
> No other casualties reported, no environmental
damage
› Investigation is underway, combined NPDC / Elcrest
team, led by NPDC as the operator
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