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SUBSCRIBER NOTE: QUALITY PREMIUMS FOR JANUARY 2020-LOADING NORTH SEA CARGOES

Effective December 2, 2019, the North Sea Quality Premiums for January 2020-loading North Sea cargoes will be as follows:

Crude Grade Quality Premium Oseberg $0.8751/b Ekofisk $0.8231/b Troll $1.2251/b

Quality Premiums are available on Platts Global Alert pages 1210 and 1212 and in the Platts Pricing Database under the following codes:

Crude Grade Current Month Month-Ahead Oseberg AAXDW00 AAXDX00 Ekofisk AAXDY00 AAXDZ00 Troll ATFNB00 ATFNA00

The QPs are published to four decimal places and at 60% of the net price differences between Ekofisk, Oseberg, Troll and the most competitive grade of crude among Brent, Forties, Oseberg, Ekofisk and Troll during the month prior to announcement.

Platts announces QPs on the first publishing day of each month, a month prior to the escalators coming into effect.

Platts has made available a Question & Answer document in English, Mandarin and Russian that further elaborates on commonly raised questions from all respondents on its Dated Brent homepage at www.platts.com Please send any comments and queries to Europe_Crude@spglobal.com and PriceGroup@spglobal.com