How much is condensate per barrel?
DeGolyer and MacNaughton Country Field Oil and Condensate Price (U.S.$/bbl) Gas Price (U.S.$/Mcf) The overall volume-weighted average oil and condensate price used in this report was U.S.$47.57 per barrel.
What is deodorized field condensate?
· Deodorized Field Condensate (DFC): The field condensates found in Qatar’s North Field undergo a ‘sweetening’ process to form DFC which has been used as feedstock to condensate splitters and as incremental feed to blend with heavy crude oil. [
Is condensate natural?
Most condensate is a mixed stream of natural gas liquids that include ethane, propane, butane, isobutane, and pentane.
What is Bonny Light crude oil used for?
Nigerian Bonny light crude oil (BLCO) is commonly used by the local population in folklore medicine for the management of various forms of gastrointestinal problems and male reproductive capacity.
Is condensate a gas or oil?
Condensate is an oil, but an extremely light one. Condensate is, as mentioned, a byproduct of hydrocarbon drilling and it may be in either liquid or gas form, depending on the pressure and temperature at the time it’s released. It is nearly transparent and almost odorless.
Why is Nigerian crude oil light?
Most crude oil blends obtained from Nigeria are classified as light-sweet crude oil blends due to low level of sulphur content and also because they are predominantly light oil grade. …
Which country has the best crude oil in the world?
Saudi Arabia
When it comes to the top oil producing countries, Saudi Arabia is known for offering the best quality of crude oil.
Why is condensate so valuable?
Condensate is typically valued lower than crude oil because of its high light ends content, which yields a lot of lower value LPGs and light naphtha and makes it difficult to process in high volumes in a refinery.
What is Synbit and Dilbit?
Dilbit is a relatively clean bitumen (containing less than 0.5% water and solids) diluted with condensate, in the order of 20 to 40% by volume. Synbit is a mixture of synthetic crude and bitumen, typically a 50/50 blend. Since Synbit has a lower fraction of bitumen than Dilbit, it is slightly better in quality.