Crude grade comparison

Agbami vs Terra Nova

Agbami field, deepwater (Chevron-operated)

Agbami

--
--
Class
Sweet
API
47.2°
Sulfur
0.044%%
VS
Agbami – Terra Nova spread -- · Agbami premium
Terra Nova field, offshore Newfoundland

Terra Nova

--
--
Class
Sweet
API
32.3°
Sulfur
0.4%

Agbami is sweet crude (47.2° API, 0.044%% sulfur); Terra Nova is sweet crude (32.3° API, 0.4% sulfur).

Crude quality

Quality & refinery yields

How the two crudes differ in the barrel. Each property uses its own scale.

  • Agbami Crude
  • Terra Nova Crude

Physical & chemical properties

API gravityhigher = lighter
A47.2°
TN32.3°
Sulfur contenthigher = sourer
A0.044%%
TN0.4%
Densityhigher = heavier
A g/cm³
TN g/cm³
Viscosityhigher = thicker
A cSt
TN cSt
Pour pointhigher = waxier
A °C
TN °C

Typical refinery yields

Gasoline% of barrel
Diesel% of barrel
Jet fuel% of barrel
Residual fuel% of barrel

Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.

Full specification comparison

Full specification comparison of Agbami Crude and Terra Nova Crude
PropertyAgbami CrudeTerra Nova CrudeAgbami − Terra Nova
Classification
ClassificationSweetSweet
OriginAgbami field, deepwater (Chevron-operated)Terra Nova field, offshore Newfoundland
Chemical properties
API gravity47.2° API32.3° API+14.9 °API
Sulfur content0.044%%0.4%-0.356%
Density g/cm³ g/cm³0 g/cm³
Pour point °C °C0 °C
Viscosity cSt cSt0 cSt
Typical refinery yields
Gasoline%%0 pts
Diesel%%0 pts
Jet fuel%%0 pts
Residual fuel%%0 pts
Trading & logistics
Delivery basisFOBFOB
Major exchanges
Export hubOffshore Nigeria FPSOOffshore Newfoundland (FPSO)
Main destinationsEurope, Asia, USUS East Coast, Europe
Benchmark type
Market profile
Key characteristicsUltra-light, very low sulphur, condensate-likeLight sweet East Coast Canadian crude
Refining notesNaphtha/gasoline-rich feedstockRegional refining feedstock
FAQ

Agbami vs Terra Nova questions

The spread, the quality gap and why each grade is a benchmark.

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Agbami Crude was $ and Terra Nova Crude $ per barrel, so Terra Nova traded at a premium of $0 over Agbami. Over the previous 30 shared price days the spread averaged -- $/bbl, with Terra Nova priced above Agbami on 0 day(s).

Agbami Crude is a sweet Agbami field, deepwater (Chevron-operated) crude (47.2° API, 0.044%% sulfur) and benchmark. Terra Nova Crude is a sweet Terra Nova field, offshore Newfoundland crude (32.3° API, 0.4% sulfur) and benchmark.