SUBSCRIBER NOTE: Platts to begin publishing Malaysia's Kimanis crude assessment Feb 10

Platts will start publishing daily assessments for Malaysia's Kimanis crude with effect from February 10, 2016.

Exports of the light, sweet grade began in November 2014 and currently average about 3 million barrels per month or around 100,000-120,000 b/d. In recent months, the grade has emerged as one of the most widely traded sweet crudes in the Asia Pacific spot market.

The daily assessments will be published as an outright number (at Asia close and London close), and as a differential to Dated Brent (at Asia close).

The Platts assessment will reflect Kimanis cargoes for lifting on a FOB basis from Sabah, Malaysia. The loading dates reflected by the Kimanis assessment will follow the current methodology for other Asia Pacific crudes. Cargoes are therefore typically for loading two months ahead, with a rollover date on the 9th day of the month, or the first business day after.

Kimanis crude oil is produced at the Gumusut-Kakap oil project off East Malaysia's state of Sabah, Malaysia's second deepwater development after Kikeh. It currently has an API gravity rating of 38.61 with a sulfur content of 0.06% and pour point of 12 degrees Celsius. Kimanis is typically sold in 300,000 or 600,000 barrel cargoes.

Shell operates the Gumusut-Kakap project with a 33% stake. Other stakeholders include ConocoPhillips (33%) and Petronas' upstream division Carigali (20%).

The assessments for Kimanis will be published on Platts Global Alert pages 2220, 2222 and 1051, in Platts Crude Oil Marketwire and in the Platts assessment database.

Please send all comments, feedback and questions on the the new assessment to pl_asia_oilproducts@platts.com and pricegroup@platts.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.