Financial Energy Review
The Management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECIEVERSHIP, hereby provide an update on the explosion and subsequent fire that engulfed the FPSO Trinity Spirit located at the Ukpokiti Terminal, in the early hours of Wednesday.
SEPCOL has been working with relevant authorities and stakeholders to contain the situation and an investigation has been launched to establish the cause of the explosion.
The company confirms that the fire burnt out completely as of Thursday afternoon, 3rd Feb. 2022 and this has enabled closer inspection of the vessel. With this development, a Joint Investigation Visit (JIV) has been scheduled for Saturday, 5th February 2022 with the relevant authorities, stakeholders, and expert organisations.
Currently, there are still no reported fatalities, and we continue prioritising investigations with respect to establishing the whereabouts, safety, and security of the ten crew members who were on board the vessel prior to the incident.
The indigenous company appreciates the assistance provided by the Clean Nigeria Associates, the Chevron team, NOSDRA, NUPRC, SPDC and people in the community, particularly the fishermen, who have been of immense assistance since the incident occurred.
Therefore, SEPCOL cautious members of the public to continue to keep away from the area while the company Crisis Management Team monitors developments in the investigations and update all stakeholders with new information accordingly.
