3rd UPDATE: Angola Plans To Export 48 Crude Cargoes In Sept

16th Jul 2010 14:59

(Updates Girassol September cargoes.) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Angola plans to export 48 cargoes of crude oil for September loading, traders who had seen provisional loading programs said Friday. The total volume of September cargoes will be 1.52 million barrels a day, much lower than August's 1.83 million barrels a day. September plan comprises seven Cabinda, six Dalia, five Girassol, five Hungo, five Kissanje, two Kuito, three Mondo, eight Nemba, one Palanca, three Plutonio, two Saxi, and one Xikomba, they said. The final programs will be released this month. The sharp decline in exports is mainly due to lower output of Girassol and Plutonio, traders said. Angola will ship five cargoes of Girassol in September, lower than the normal level of 6-7 cargoes, mainly due to a force majeure declared by Total SA (TOT) earlier this week. The force majeure also prompted Total to defer 11 Girassol cargoes for loading from mid-July to end-August. But according to the September loading program, Total deferred the first two cargoes, which were carried over from August, again by another three days. It remains to be seen whether the remaining nine Girassol cargoes for mid-July to end-August loading were deferred again. Exports of Plutonio crude will drop sharply to three cargoes in September from August's seven, partly due to planned maintenance in the second half of September, traders said. A spokesman of BP PLC (BP), the operator of Plutonio field, declined to comment on planned maintenance and routine operations. The following table lists the number of cargoes scheduled to load for each crude oil grade in September. Grade Size ('000 bbl) Sep* Aug Cabinda 950 7 7 Dalia 950 6 8 Gimboa 950 0 1 Girassol 1,000 5 5 Hungo 950 5 6 Kissanje 950 5 7 Kuito 920 2 2 Mondo 950 3 2 Nemba 950 8 10 Palanca 985 1 1 Plutonio 1,000 3 7 Saxi 950 2 3 Xikomba 500 1 0 Total number of cargoes 48 59 Total volumes ('000 bbl) 45,525 56,625 Daily volumes (mln b/d) 1.52 1.83 *Provisional -By Sherry Su, Dow Jones Newswires; +44(0)20-7842-9329; [email protected] (END) Dow Jones Newswires July 16, 2010 09:59 ET (13:59 GMT)