Thursday, July 21, 2011

Ghana to Ship Three Jubilee Oil Cargoes in September, Plan Shows

By Sherry Su

Ghana will ship three cargoes of Jubilee crude in September, one more than in August, according to a loading program obtained by Bloomberg News.

All shipments are 950,000 barrels each, the plan showed.

One shipment was deferred to Sept. 7 to Sept. 8 from Aug. 30 to Aug. 31, reducing the total number of cargoes for August to two from the originally planned three, according to the plan.

The Jubilee field is operated by U.K.-based Tullow Oil Plc (TLW) and started production in December. The crude is light and sweet, or low sulfur, meaning it will produce more profitable fuels such as gasoline and diesel.

To contact the reporter on this story: Sherry Su in London at

To contact the editor responsible for this story: Stephen Voss on

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