Is Tapis crude oil?

Is Tapis crude oil?

Tapis is a light sweet crude oil grade produced in southeast Asia (Malaysia). Tapis has traditionally been used as a regional benchmark crude for Asia, especially for pricing light sweet crudes.

What are the 4 main types of crude oil?

Types of Crude Oil

  • Class A: Light, Volatile Oils. These oils are:
  • Class B: Non-Sticky Oils. These oils have a waxy or oily feel.
  • Class C: Heavy, Sticky Oils. Class C oils are characteristically:
  • Class D: Nonfluid Oils. Class D oils are:

What is the best grade of crude oil?

Sulfur content and weight are the two qualities by which crude oil is typically judged. High-sulfur, heavy oils are the lowest quality and the least expensive on the global market. Low-sulfur, light oils bring the highest price because they are of the highest quality.

What is meant by crude assay?

Crude oil assay consists of a compilation of data on properties and composition of crude oils. The assay provides critical information on the suitability of crude oil for a particular refinery and estimating the desired product yields and quality.

What is Tapis oil used for?

Tapis crude oil is used as a pricing benchmark in Singapore. Tapis is very light, with an API gravity of 43°-45°, and very sweet, with only about 0.04% sulphur. While it is not traded on a market like Brent Crude or West Texas Intermediate, it is often used as an oil marker for Asia and Australia.

Where is Tapis crude from?

The Tapis field, located off the coast of Terengganu in the South China Sea was discovered in 1969 with production starting in 1978. ExxonMobil holds a 30% stake, the rest being held by state-owned Petronas. As of 2018, production is approximately 300,000 barrels per day.

How many grades of crude oil are there?

There are six types of crude oil: light/sweet, light/sour, medium/sweet, medium/sour, heavy/sweet, and heavy/sour.

Why is Brent called Brent?

The name “Brent” comes from the naming policy of Shell UK Exploration and Production, operating on behalf of ExxonMobil and Royal Dutch Shell, which originally named all of its fields after birds (in this case the brent goose).

What is API in crude?

API gravity is a commonly used index of the density of a crude oil or refined products. API stands for the American Petroleum Institute, which is the industry organization that created this measure.

Why is Nigeria crude oil the best?

Nigeria’s crude oil is light and sweet; low in sulfur and yields a generous amount of diesel, jet fuel and gasoline, which are the most profitable products for global refineries. These crudes also normally command a significant premium over Dated Brent.

Why is crude assay important?

Assay data help refineries determine if a crude oil feedstock is compatible for a particular petroleum refinery or if the crude oil could cause yield, quality, production, environmental and other problems.

How do you test for crude oil?

Trade Crude Oil Assay Testing

  1. True boiling point distillation ‐ TBP (D2892)
  2. Vacuum potstill distillation (D5236)
  3. Atmospheric distillation – petroleum products (D86)
  4. Vacuum distillation – petroleum products (D1160)
  5. Simulated distillation (D2887, D7169)
  6. Specific gravity / API (D5002, D2598, D1298, D70)

What are the specifications of a typical crude assay?

A typical crude assay should include the following major specifications: API Gravity. Total Sulfur (% wt) Pour Point (°C) Viscosity @ 20°C (cSt) Viscosity @ 40°C (cSt) Nickel (ppm) Vanadium (ppm)

Are there any downloadable crude oil assays available?

An alphabetically-organized list of downloadable crude oil assays. The materials provided below are courtesy of ExxonMobil and are based on a range of data and information.

Where does Tapis Crude oil come from?

Tapis crude is produced offshore in the South China Sea, East of Peninsular Malaysia. Production is currently approximately 300kbd. ExxonMobil holds about 30% equity. EMEPMI is the terminal operator. The crude is loaded at Terengganu Crude Oil Terminal, Kerteh, Malaysia (4° 29′ N, 103° 24’E).

What is the production capacity of Tapis Blend?

Production is currently approximately 300kbd. ExxonMobil holds about 30% equity. EMEPMI is the terminal operator. The crude is loaded at Terengganu Crude Oil Terminal, Kerteh, Malaysia (4° 29′ N, 103° 24’E). Tapis Blend is a high quality, extra light, low sulfur crude.