Eocene, like our Ratawi crude, is produced from the Wafra, South Umm Gudair and South Fuwaris fields in the Partitioned Zone (PZ) situated between Kuwait and the Kingdom of Saudi Arabia.
The production is exported out of Mina Saud terminal in the Kuwait-controlled PZ. Typical cargo size range between 300 thousand barrels and 1 million barrels. Pricing of this grade is on Arab Heavy Far East basis for Far East destinations, IPE Brent (Bwave) for Mediterranean and NW Europe destinations and ASCI basis for North American destinations.
Eocene is low in nitrogen, low acidity, and low asphaltenes, and has relatively low metals in the residue.
Chevron's equity portion of Eocene comes from our long-term agreement with the Kingdom of Saudi Arabia.
Eocene is a heavy, high sulfur crude oil, suitable for coking and asphalt manufacture.