By Dow Jones Business News, October 09, 2013, 12:42:00 PM EDT
By Cassie Werber
LONDON--The loadings of four major North Sea crude oil grades in November is set to rise to 960,000 barrels a day,
from 793,500 barrels a day originally scheduled to load in October, according to programs released this week.
The total monthly loading volume of BFOE crude--a basket of Brent, Forties, Oseberg, and Ekofisk grades--is set to
rise 17.1% to 28.8 million barrels, compared with 24.6 million barrels in October, according to the data.
The biggest increase will be in Forties loadings, which are set to rise from 17 cargoes in October to 20 in November.
Each standard cargo comprises 600,000 barrels, meaning that in November 400,000 barrels of Forties will be loaded every
day, compared to 329,000 a day in the previous month.
Oseberg crude loadings will rise to eight cargoes, from six in October; Brent from five to seven; while Ekofisk will
maintain the same loading schedule as the previous month, with 13 cargoes.
Maintenance on oil field infrastructure often takes out some productivity during the summer months, leading to a
seasonal ramp-up in the autumn.
November is also shorter by one day than October, leading to higher barrels-per-day figures.
Grade October Volume B/D November Volume B/D
Brent 3,000,000 96,774 4,200,000 140,000
Forties 10,200,000 329,032 12,000,000 400,000
Oseberg 3,600,000 116,129 4,800,000 160,000
Ekofisk 7,800,000 251,613 7,800,000 260,000
Total 24,600,000 793,548 28,800,000 960,000
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