Bloomberg News

North Sea February Alvheim Crude Exports to Drop to Five Cargoes

January 06, 2012

Jan. 6 (Bloomberg) -- Exports of North Sea Alvheim crude for February will drop to five cargoes of 780,000 barrels each, one less than this month, a loading program obtained by Bloomberg News showed.

Shipments will total 3.9 million barrels, or 134,483 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, John Buckley.

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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