SUBSCRIBER NOTE: Platts proposes to begin assessing North Sea crude Grane Blend

Effective April 1, 2016, Platts proposes to begin assessing the North Sea crude oil known as Grane Blend.

Following upstream developments tied back to the Grane's existing infrastructure, the grade's volume and quality are both in the process of changing. The resulting grade will be composed of the existing Grane crude oil and Edvard Grieg crude oil.

Grane is 36.66% owned by Statoil, 28.94% Petoro, 28.22% ExxonMobil and 6.17% ConocoPhillips. Grane production prior to the startup of Edvard Grieg was around 75,000 b/d of oil equivalent.

Edvard Grieg is 50% owned by Lundin (operator), 20% OMV, 15% Wintershall and 15% Statoil. Plateau production is expected to be around 100,000 boe/d.

Platts is seeking feedback on its proposal to launch the new assessment of Grane Blend.

Please send any comments and queries to europe_crude@platts.com and pricegroup@platts.com by January 4, 2016.

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.