ChevronTexaco to resumes production, hostages released

ChevronTexaco Corp will resume the production of 23,000 barrels per day (bpd) of oil this week. Suspended last week in the wake of the abduction of 18 workers in southern Nigeria.

Production was halted at Middleton, Penington, North Apoi and Funiwa oilfields on Wednesday when militant youths from Bayelsa State took eighteen workers hostage on offshore oil platforms.

The navy secured the release of 16 of the workers two days later.

ChevronTexaco made a statement to saythe remaining two workers had been released on Saturday, and production would resume at all four oil platforms by the end of the week.

Production of 10,000 bpd was expected to resume at one of the platforms today.