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Thursday, July 28, 2011

Three Jubilee Oil Cargoes in September

Ghana will ship three cargoes of Jubilee crude in September, one more than in August, according to a loading program obtained by Bloomberg News. All shipments are 950,000 barrels each, the plan showed.

One shipment was deferred to Sept. 7 to Sept. 8 from Aug. 30 to Aug. 31, reducing the total number of cargoes for August to two from the originally planned three, according to the plan.

The Jubilee field is operated by U.K.-based Tullow Oil Plc (TLW) and started production in December. The crude is light and sweet, or low sulfur, meaning it will produce more profitable fuels such as gasoline and diesel.

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