ADIPEC: ADNOC Launches New Crude Oil Blend
Abu Dhabi National Oil Company (ADNOC), state run by OPEC-member United Arab Emirates, has selected “Das Crude” as the name for its new oil blend coming from Umm Shaif and Lower Zakum oilfields operated Abu Dhabi Marine Operating Company (ADMA-OPCO).
The announcement of the new blend, made on the sideline of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), will replace the existing Umm Shaif and Lower Zakum crudes by July 2014.
Abdulla Nasser Al-Suwaidi, director general of ADNOC, reiterated ADNOC’s long-term commitment to be reliable supplier of oil and gas that highly depends on innovative solutions, noting that “Das Crude started as an innovative idea to secure the space required for accommodating the increase in the company’s production and save two storage tanks on a busy island.”
The new crude is a light sweet crude with an API of approximately 39.2 degrees and sulfur content of 1.3 percent wt.
“Das Crude Oil is light crude, and it is very rich in light middle distillates and its yield makes it better to blend the well-known two Das Grades (Umm Shaif and Lower Zakum crudes. It also has very low sulfur and metal content which overall makes Das crude rich, clean and safe for most of the refining operation,” said Ali Rashid Al-Jarwan, chief executive officer of ADMA-OPCO.
“The new move comes in line with the direction of the Supreme Petroleum Council and ADNOC to produce blended crude oil to a target competitive specification matching international standards with objective of increasing flexibility and profitability,” he added.
Mixing the two crudes in Das Crude and consequently storing it in unified tanks, secures the space required for accommodating the additional production and ensures more efficient and flexible shipment programming,
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Nikkei: ADNOC To Decide On Japan Oil Concession Renewal By Early Next Year (Jul 28)
- UAE Pledges Further Oil Output Cuts Starting in September (Jul 25)
- UAE's ADNOC Sign $500M Technical Agreement with Oxy (Feb 10)