We are fully equipped to procure, market and promptly deliver without broken promises a variety of crude oil and gas products – e.g. Forcados, Aqua Light, Brass River Light crude oil, Liquified Natural Gas ( LNG), Liquified Petroleum Gas ( LPG) and Low Pour Fuel Oil ( LPFO). Specifically with regard to BLCO, prices are calculated as average mean low/high quotations, as published by the Platt’s Crude Oil Marketwire.
The prices for the crude oil apply to quantities and are measured by approved automatic custody transfer facilities or 100% turnout with systematic adjustment of volume and gravity for temperature and full deduction for sediment and water, adjusted to the nearest tenth O API using the following price adjustments for gravity variations from the posted gravity.
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with the latest ASTM Standards and API Manual of Petroleum Measurement Standards (MPMS) accepted in the petroleum industry worldwide and with deductions made for full sediment, water and other impurities.