Article Nov. 26, 2018
Article Nov. 26, 2018
Production and handling
Production is divided among several international oil companies, with Shell and ExxonMobil holding the largest stakes in the Brent fields, while Chevron and British Petroleum retain large shares in Ninian and Magnus. Other companies with sizeable interests include Total and CNR with many other smaller partners.
Output of ~220kbd comes from the co-mingling of the Brent and Ninian systems. The main fields of the Brent system are Brent, Cormorant, Hutton, Thistle, Murchison (22% Norwegian), and Dunlin. The main fields of the Ninian system are Ninian, Alwyn North, and Magnus.
The crude oil is primarily refined in Northwest Europe, but depending on arbitrage opportunities, significant volumes often move to the US Gulf and East Coast, as well as to the Mediterranean. Typical cargo size is 600kb.
Load Port Data
Sullom Voe (60 Deg 27' N. 01 Deg 17' W), a major deep-water harbor, is the loading terminal for oil flowing through the Brent and Ninian pipelines from a group of oil fields in the east Shetland Basin. Four crude oil-loading berths are available for tankers ranging in size from 18,000-350,000 deadweight tons. The maximum allowed draft ranges from 15.9 meters at Jetty No.1 to 22.6 m at Jetties 3 and 4.
Brent Blend is a high-quality, light, low-sulfur North Sea crude oil.
- Gravity 40.1
- Sulfur .35%
- Loading Port Sullom Voe
The materials contained in this website are provided to you courtesy of ExxonMobil and are based on a range of data and information. While care has been taken in preparing the materials, ExxonMobil makes no representations, warranties or guarantees as to their accuracy, reliability, quality, correctness or completeness. Each user must make its own determination and judgment on applying any information in this assay. Any and all use of this information shall be the sole responsibility of the user, and the user releases ExxonMobil and its affiliates from any and all claims arising from its use and shall defend and hold ExxonMobil and its affiliates harmless from any third-party claims arising from the user's application or use of any part of the materials.
The fundamentals of fuel prices and supplyWe’re all hearing about high fuel prices, and some are calling on energy companies like ExxonMobil to increase production to help ease pain at the pump. We know high prices are having a real impact on families everywhere – no one wants to pay more to get themselves to work or their kids to school.
Crude oils Viewpoints • June 24, 2022