Bloomberg News

North Sea January Alvheim Crude Exports to Fall to Five Cargoes

December 15, 2011

Dec. 8 (Bloomberg) -- Exports of North Sea Alvheim crude for January are scheduled at five cargoes of 780,000 barrels each, one less than this month, a loading program obtained by Bloomberg News showed.

The program totals 3.9 million barrels, or 125,806 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: Rachel Graham, Raj Rajendran

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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