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LIBYAN CRUDE OIL

LIBYAN CRUDE OIL

LIBYAN CRUDE OIL

Libya is considered a highly attractive oil area due to its low cost of oil production (as low as $1 per barrel at some fields in 2002), low sulfur content, being classified as “sweet crude” and in its proximity to European markets. Libya’s challenge is maintaining production at mature fields, while finding and developing new oil fields. Most of Libya remains under-explored as a result of past sanctions and disagreements with foreign oil companies.  Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first time since 2013.

ES SIDER LIGHT CRUDE OIL

Constituent Specifications Test Method
Density @ 15 C 0.8395 JP 365/D4052
Specific Gravity @ 60F 0.84 Calculation
API Gravity 37.0 Calculation
Total Sulphur % wt 0.39 IP 336/4294
Pour point C (F) +9 (+48) IP 15/D97
Ash Content %wt <0.01 IP 4/D482
Viscosity @ 70 F. cst 11.59 IP 71/D445
Viscosity @ 100 F. cst 4.867 IP 71/D445
Total Nitrogen % wt 0.17 IP 379 MOD/D4629MOD
Flash Point C (F) Below-20 (Below –4) IP 170
Characterisation factor 12.1 Calculation
Asphatenes % wt 0.53 IP 143
Hydrogen Sulphide ppm wt. <1 IP PM-BJ
Neutralisation Number, mg KOH/g 0.20 IP 177/D664
Bottom, Sediment and Water % vol <0.05 IP 359/D4007
Salt/as NaCI) mg/litre 20.0 (7.0) D3230

 

SARIR CRUDE OIL

Constituent Specifications Test Method
Density @ 15 C 0.8374 JP 365/D4052
Specific Gravity @ 60F 1.4 (4.0) Calculation
API Gravity 37.48 Calculation
Total Sulphur % wt 0.17 IP 336/4294
Pour point C (F) +21 (+70) IP 15/D97
Ash Content %wt <0.01 IP 4/D482
Viscosity @ 70 F. cst 67.54 IP 71/D445
Viscosity @ 100 F. cst 10.73 IP 71/D445
Total Nitrogen % wt 0.10 IP 379 MOD/D4629MOD
Flash Point C (F) Below-20 (Below–4) IP 170
Characterisation factor 12.5 Calculation
Asphatenes % wt 0.30 IP 143
Hydrogen Sulphide ppm wt. <1 IP PM-BJ
Neutralisation Number, mg KOH/g 0.085 IP 177/D664
Bottom, Sediment and Water % vol <0.05 IP 359/D4007
Salt/as NaCI) mg/litre 1.4 (4.0) D3230