Ghana’s Jubilee oil field will be shut for 21 days from Sept. 20, Tullow Oil Plc, the operator, said today in an e-mailed statement.
BP earlier bid Forties for Sept. 22 to Sept. 25 loading at 80 cents a barrel more than Dated Brent, according to a Bloomberg survey of traders and brokers monitoring the Platts pricing window. The company bought two cargoes yesterday at premiums of 65 cents and $1.09 respectively.
Brent for October settlement traded at $111.78 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $111.25 from the previous session. The November contract was at $110.55, a discount of $1.23 to October.
PSA has no information regarding Ekofisk production or of any shutdown, said Oyvind Midttun, a spokesman for the agency.
The Ekofisk field is producing as normal, Stig Kvendseth, a Conoco spokesman, said earlier today by e-mail. He didn’t comment on corrosion.
Total failed to sell 80,000 metric tons of Urals for Sept. 26 to Sept. 30 loading at 10 cents a barrel less than Dated Brent on a delivered basis to Augusta, Italy, the survey showed. This compares with a trade yesterday at a 5-cent discount.
OAO Lukoil was unable to sell 100,000 tons for Sept. 23 to Sept. 27 at 95 cents a barrels less than Dated Brent delivered to Rotterdam, according to the survey. The grade was last bid at a discount of 90 cents on Sept. 9.
Libya’s oil production is at 200,000 to 300,000 barrels a day, Prime Minister Ali Zaidan said at a press conference in Tripoli.
Pumping of Iraqi Kirkuk crude to the Turkish port of Ceyhan started at 8 p.m. local time yesterday and stopped at 7 a.m. this morning, according to Boutros Maritime & Transport SA. This isn’t unusual because crude flows normally occur during evenings.
BP offered 600,000 barrels of Nigerian Qua Iboe for loading on Sept. 11 to Sept. 12 at $6 a barrel more than Dated Brent delivered to Rotterdam, or at a premium of $5.85 for delivery to Lavera, France, according to the survey. The price was unchanged from yesterday, while the volume dropped from 950,000 barrels.
Jubilee Partners will undertake planned, routine maintenance of the floating production, storage and offloading vessel Kwame Nkrumah, Tullow said. “During the 21 day period of maintenance, FPSO will be shut down and there will be no production.”
This is the first planned maintenance since the FPSO started operations in end-2010, according to the company.
PT Pertamina will re-issue a tender to buy crude for November delivery to its Cilacap and Balikpapan refineries, according to a company official who asked not to be identified because he isn’t authorized to speak to the media. Indonesia’s state-owned oil company failed to award a previous tender that closed Sept. 9.
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