As part of the commitment of S&P Global Platts to provide insight into new crude oil markets, Platts has begun publishing daily spot assessments of Norway's Johan Sverdrup crude loading FOB from Mongstad from December 2, 2019.
Platts assesses 600,000 barrel cargoes of Johan Sverdrup loading 10 days forward to one month ahead from date of publication as both an outright price and as a differential to forward Dated Brent.
This follows on from a decision note published October 14 and available here: www.spglobal.com These assessments are now available in Crude Oil Marketwire and Oilgram Price Report, on Platts Global Alert pages 1212, 1213 and 1250, and under the following codes:
Assessment Daily Monthly Johan Sverdrup FOB North Sea AJSVA00 AJSVA03 Johan Sverdrul FOB North Sea vs North Sea Dtd Strip AJSVB00 AJSVB03
Production from Johan Sverdrup launched in early October, and the grade on its way to becoming the largest single stream of crude in the North Sea by mid-2020, by daily volume. The first cargoes were made available for October-loading, with a full schedule in both November and December.
Johan Sverdrup is a heavy, sweet crude with an API of 28 degrees and a sulfur content of 0.80%. The grade is a joint-venture between Norway's Equinor, Aker BP, Total and Lundin, with Equinor acting as the terminal operator.
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