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Overview
Palanca crude oil is produced in Angola from five different concessions. It is loaded from the Total-operated Palanca Terminal, which can accommodate Very Large Crude Carrier (VLCC) loading. The typical cargo size is 985 thousand barrels; however, alternate cargo sizes can be arranged with advance planning. Typically, cargoes are sold with pricing based off Brent (Dated) quotes. The production rate of the contributing fields is approximately 140 thousand barrels per day. Chevron has a 20% interest in the Block 2 concession and a 16% interest in the FST concession.
Whole Crude Properties *
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| Gravity, API° | 37.2 | |
| Gravity SG | 0.84 | |
| Sulfur, wt% | 0.18 | |
| Total Nitrogen, ppm | 981 | |
| Hydrogen, wt% | | |
| Acid Number, mg KOH/g | 0.03 | 0.02 |
| Pour Point, °F / °C | 48.2 / 9 | / |
| Charact. Factor (K-FACTOR) | 12.11 | |
| Viscosity, cSt at 40°C (104°F) | 4.51 | |
| Viscosity, cSt at 50°C (122°F) | 3.89 | |
| Vanadium, ppm | 1.15 | |
| Nickel, ppm | 1.65 | |
| MCR, wt% | | |
| Ramsbottom Carbon, wt% | | |
| Asphaltenes, (H.C7) wt% | 0.40 | |
* Disclaimer
While we believe that this assay is representative of the expected
commercial crude, it does not guarantee production quality, and users are solely responsible
for their use of the assay. No warranties are given regarding the assay accuracy or
any results from its use. Chevron does not warrant or make any representations
regarding the use or the results of the use of the foregoing opinion, information or
data in this site in terms of their correctness, accuracy, results, use,
quality, reliability, or otherwise.
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