September 27, 2018 / 12:15 PM / a year ago

Nigerian oil exports to hit six-month high in November

    By Amanda Cooper
    LONDON, Sept 27 (Reuters) - Nigeria's oil exports will reach
their highest in six months in November, led in part by an
increase in supply of the country's four largest crude grades,
according to loading programmes. 
    Total loadings of Nigerian crude will rise to 1.876 million
barrels per day in November, from October's 1.652 million bpd.
    November's will be the largest loading programme since May
this year and is 17 percent higher than last November's 1.598
million bpd export schedule.
    The export plan comprises 59 cargoes, unchanged from October
and includes one cargo of Akpo condensate.
    Exports of Forcados, Bonga, Bonny Light and Qua Iboe will
rise to 822,967 bpd in November, from a planned 728,258 bpd in
October. This will be the largest export programme for the four
since June's 873,000 bpd.
    The Agbami stream will add another cargo in November, while
supply of the smaller grades will remain broadly unchanged.
    France's Total launched its Egina offshore field
this week, which is expected to come online by December and add
another 100,000 bpd to Nigeria's crude and condensate output by
the end of the year, according to Malam Mele Kyari, head of
crude oil marketing at Nigeria's state oil firm NNPC.
 
    Production from Egina, an ultra deepwater field, is expected
to rise to 200,000 bpd.
    Nigerian oil export plans are prone to revisions and delays,
with cargoes frequently pushed from one month to the next.    
    Below is a table detailing supply of each of the Nigerian
crude grades tracked by Reuters: 
    
 Grade         November       Nov      October     Oct
               (bpd)          cargoes  (bpd)       cargoes
 Abo                                                     0
                                             -     
                        -                          
 Agbami                             7                    6
                     227,500             188,710   
 Amenam                             5                    3
                     126,667              91,935   
 Antan                              1                    1
                                          30,645   
                     10,000                        
 Bonga                              6                    6
                     190,000             183,871   
 Bonny Light                        6                    5
                     169,467             153,226   
 Brass River                                             5
                                         115,226   
                     99,733                        
 EA                                 1                    1
                                          30,645   
                     31,667                        
 Ebok                                                    0
                                             -     
                        -                          
 Erha                               4                    3
                     126,667              91,935   
 Escravos                           6                    6
                     190,000             183,871   
 Forcados                           8                    9
                     253,333             201,446   
 Okono                              1                    0
                                             -     
                     31,667                        
 Okwori                             1                    1
                                          11,290   
                      6,667                        
 Oyo                                                     0
                                             -     
                        -                          
 Pennington                         1                    1
                                          30,645   
                     31,667                        
 Qua Iboe                           8                    6
                     253,333             183,871   
 Usan                               2                    2
                                          61,290   
                     63,333                        
 Yoho                               1                    1
                                          30,645   
                     31,667                        
 Okwuibome                    -                          2
                                          30,645   
 Akpo                 33,333        1                    1
                                          32,000   
 TOTAL                                                    
                  1,876,700        59  1,651,898        58
 

    
 (Reporting by Amanda Cooper; Editing by Alexandra Hudson)
  
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