Crude grade comparison

Forcados vs Bonga

Nigeria (Niger Delta)

Forcados

--
--
Class
Light/Sweet
API
35°
Sulfur
0.12%
VS
Forcados – Bonga spread -- · Forcados premium
Nigeria (Niger Delta FPSO offshore)

Bonga

--
--
Class
Light/Sweet
API
32.3°
Sulfur
0.2%

Forcados is light/sweet crude (35° API, 0.12% sulfur); Bonga is light/sweet crude (32.3° API, 0.2% sulfur).

Crude quality

Quality & refinery yields

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

  • Forcados Crude
  • Bonga Crude

Physical & chemical properties

API gravityhigher = lighter
F35°
B32.3°
Sulfur contenthigher = sourer
F0.12%
B0.2%
Densityhigher = heavier
F0.843 g/cm³
B0.849 g/cm³
Viscosityhigher = thicker
F2.8 cSt
B3.4 cSt
Pour pointhigher = waxier
F-3 °C
B-5 °C

Typical refinery yields

Gasoline% of barrel
F50-54%
B47-50%
Diesel% of barrel
F20-24%
B27-31%
Jet fuel% of barrel
F14-16%
B01-12'%
Residual fuel% of barrel
F08-10'%
B10-12'%

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 Forcados Crude and Bonga Crude
PropertyForcados CrudeBonga CrudeForcados − Bonga
Classification
ClassificationLight/SweetLight/Sweet
OriginNigeria (Niger Delta)Nigeria (Niger Delta FPSO offshore)
Chemical properties
API gravity35° API32.3° API+2.7 °API
Sulfur content0.12%0.2%-0.08%
Density0.843 g/cm³0.849 g/cm³-0.006 g/cm³
Pour point-3 °C-5 °C+2 °C
Viscosity2.8 cSt3.4 cSt-0.6 cSt
Typical refinery yields
Gasoline50-54%47-50%+4 pts
Diesel20-24%27-31%-7 pts
Jet fuel14-16%01-12'%+4 pts
Residual fuel08-10'%10-12'%-2 pts
Trading & logistics
Delivery basisForcados TerminalBonga FPSO terminal
Major exchangesSpot differential to BrentSpot differential
Export hubForcados TerminalBonga FPSO
Main destinationsIndia, Europe, US Gulf CoastEurope, Asia
Benchmark typeRegional (W. Africa/Spot)Regional (Spot)
Market profile
Key characteristicsPremium Nigerian light, ultra-low sulfurNigerian FPSO production, medium-light grade
Refining notesLight sweet, high gasoline potentialFPSO offshore production
FAQ

Forcados vs Bonga questions

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

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

Forcados Crude is a light/sweet Nigeria (Niger Delta) crude (35° API, 0.12% sulfur) and Regional (W. Africa/Spot) benchmark. Bonga Crude is a light/sweet Nigeria (Niger Delta FPSO offshore) crude (32.3° API, 0.2% sulfur) and Regional (Spot) benchmark.