OT05343B - PRT: valuation of crude oils and products - category 2 - anasuria

Crude oil Reference price Period used to calculate differential Minimum volume for calculation of differential
Anasuria 212 pricing based upon the NDD*. Rolling average of all AL cargoes in the 6 month period up to and including the month of lifting. 3 standard volume (600k bbls) AL cargoes**.

* Where a reference price is stated, this will be based upon LB Oil & Gas’s published daily North Sea Reference Value, with effect from 1 July 2006.

** Should the volume in the specified period be too small, include additional cargoes until the minimum volume has been achieved. »Ê¹ÚÌåÓýapp cargoes to use are those nearest to the specified period on a time basis.

Nearest on a time basis means;

  • for cargoes preceding the specified period; in reverse date order
  • for cargoes following the specified period ; in date order.

A cargo with the shorter time difference between it and the specified period will be used in preference to a cargo with a larger time difference, regardless of whether that cargo follows or precedes the period.

In case there are two cargoes with equal time difference, include both as additional cargoes.