Bloomberg News

North Sea Troll Oil January Loadings to Jump to Three-Year High

December 12, 2011

Dec. 12 (Bloomberg) -- Exports of North Sea Troll crude for January will increase to 18 cargoes, five more than this month, according to a loading program obtained by Bloomberg News.

Shipments of Troll will total 10.8 million barrels, or 348,387 barrels a day, the highest in at least three years, according to data compiled by Bloomberg since 2008. This compares with 243,548 barrels a day this month.

Statfjord exports will be six 855,000 barrel-cargoes, one less than December, while Aasgard shipments will be eight cargoes totaling 6.84 million barrels, compared with 6.985 million barrels for this month, separate plans showed.

Exports of Grane blend will be unchanged at seven cargoes, and Flotta loadings will drop to one 650,000 barrel-cargo, compared with two 600,000 barrel-shipments for this month, according to the programs.

Troll and Grane cargoes are for 600,000 barrels each, while the size of Statfjord and Aasgard shipments is 855,000 barrels.

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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