Effective April 1, 2016, Platts proposes to begin assessing the North Sea crude oil known as Grane Blend.
Following upstream developments tied back to the Grane’s existing infrastructure, the grade’s volume and quality are both in the process of changing. The resulting grade will be composed of the existing Grane crude oil and Edvard Grieg crude oil.
Grane is 36.66% owned by Statoil, 28.94% Petoro, 28.22% ExxonMobil and 6.17% ConocoPhillips. Grane production prior to the startup of Edvard Grieg was around 75,000 b/d of oil equivalent.
Edvard Grieg is 50% owned by Lundin (operator), 20% OMV, 15% Wintershall and 15% Statoil. Plateau production is expected to be around 100,000 boe/d. Read the subscriber note.
Data Sources: Platts