We are not on Force Majeure- ExxonMobil Clears Air

We are not on Force Majeure- ExxonMobil Clears Air

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We are not on Force Majeure- ExxonMobil Clears Air

 

 

 

By Ekemini Simon

 

ExxonMobil Producing Nigeria Unlimited has cleared the air over the news making the rounds that the company has declared a force majeure hence pointing to tougher days for Akwa Ibom people.

A force majeure is unforeseeable circumstances that prevent a company or someone from fulfilling a contract.

 

When contacted by this reporter, the company through the Manager, Media and Communications, Oge Udeagha said the company is not currently on Force majeure.

 

According to his response through mail, ” I can confirm that the most recent force majeure was lifted in mid-January, 2021.”

 

A top source in the company who refused name on print since he is not authorized to speak on the matter

 

said there was a fire incident at the Qua Iboe Terminal in December 2020 which caused a halt in oil production for few weeks.

 

The Source however wondered why Akwa Ibom State Government would link the possibility of decline in more than a month revenue of the State to an issue that happened in December 2020 and was rectified in less than four weeks.

 

It could be recalled that the Akwa Ibom State Government on Wednesday, through a report originally circulated on Media platforms by the Special Assistant to the Governor on Talent Hunt, Emmanuel Godwin had reported that the Oil giant has declared Force majeure hence tougher days looms for Akwa Ibom people.

 

While referring to the Akwa Ibom State Commissioner for Finance, Mr Linus Nkan as the source of the information, the Governor’s Aide noted ” Accordingly, the unexpected decrease in the State revenue will affect the activities of Government including the State’s ability to meet its monthly financial obligations to Public Servants, Pensioners and Contractors.”

 

The report circulated by the Governor’s Aide has caused public frenzy on what the future holds for workers entitlements.

 

Contacted, the Akwa Ibom State Commissioner for Finance, Mr Linus Nkan admitted to have been the source of the information. He however explained that according to the notification of the Department of Petroleum Resources (DPR), the force majeure declared by ExxonMobil would affect the revenue shared in March 2021 by the Federation Account Allocation Committee (FAAC).

 

He explained that it is a practice that the proceeds of oil produced in December is shared in March.

 

Commenting on the possibility of how a force majeure declared in less than a month could affect future revenue of the State, the Commissioner said ” It affected this month and the report came, that is how we know. I don’t know if it will affect future months. We pray it should not affect any other month.”

 

Source:  TheMail Newspaper

 

 

The post We are not on Force Majeure- ExxonMobil Clears Air appeared first on Igbo Source News – Akwa Ibom current News and Affairs.

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