👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Malaysia Kimanis crude exports to rise in March after 1 cargo rolled forward -sources

Published 11/01/2022, 09:20
Updated 11/01/2022, 09:25
© Reuters.
COP
-
COPH34
-

By Florence Tan

SINGAPORE (Reuters) - Malaysia's Kimanis crude oil exports will rise to seven cargoes in March from six in February, trade sources said on Tuesday.

A preliminary loading schedule seen by Reuters earlier had shown Kimanis March export cargoes falling to six from seven in February, but the sources said that one cargo was rolled over to March from the prior month.

Royal Dutch Shell (LON:RDSa), operator of the oilfields that produce Kimanis, declined to comment. Oilfields equity owner Petronas did not immediately respond to a request for comment.

The sources declined to be identified because they are not authorised to speak to media.

Shell operates the two deepwater fields, Gumusut-Kakap and Malikai off the coast of Sabah, capable of producing 170,000 bpd of Kimanis crude at peak.

However, production has fallen below peak levels because natural declines while a compressor issue cropped up in January, one of the sources said.

The unit has been shut for maintenance which is expected to be completed by the end of this month, he added.

Kimanis crude exports in February and March

Company Grade Volume Revised

loading date

PetroBrunei Kimanis 600KB Feb 5

ConocoPhillips (NYSE:COP) Kimanis 600KB Feb 10

Petronas Kimanis 600KB Feb 14

Shell Kimanis 600KB Feb 19

Petronas Kimanis 600KB Feb 23

ConocoPhillips Kimanis 600KB Feb 28

Petronas Kimanis 600KB March 2

Company Grade Volume Loading date

PetroBrunei Kimanis 600KB March 4-8

Shell Kimanis 600KB March 9-13

ConocoPhillips Kimanis 600KB March 14-18

Petronas Kimanis 600KB March 19-23

Shell Kimanis 600KB March 24-28

Petronas Kimanis 600KB March 28-31

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.