Bloomberg News

North Sea Alvheim Crude November Loading to Fall to Five Cargoes

October 10, 2011

Oct. 10 (Bloomberg) -- Exports of North Sea Alvheim crude for November are scheduled at five cargoes, one less than this month, a loading program obtained by Bloomberg News showed.

The November program comprises five 780,000-barrel shipments, the plan showed. This amounts to 3.9 million barrels, or 130,000 barrels a day, compared with 150,968 barrels a day this month, according to the plan. Houston-based Marathon Oil Corp. operates the field in the Norwegian North Sea.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

--Editors: Raj Rajendran, Rob Verdonck.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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