Bureau Veritas Crude Assay
Bureau Veritas Crude Assay
Bureau Veritas Crude Assay
June 2014
Bruce Carlile
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Bureau Veritas at a Glance
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Extensive Geographic Footprint
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Scope of Services Across Three Major Sectors
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What is Crude Assay?
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Crude Oil Types
Conventional Crudes
Virgin Crudes
“Dumbbell Crudes” (Blended)
Unconventional Crudes
•Ninian, •Arabian
Tight Sands or Shale Plays North Light 33°
•Eagle Ford Sea 36° API
38° - 50° API
Bio-Mass 19.5° -70 API°
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Crude Assay Types
Flash Assay or $2,500 – Up to 2 5 to 7 Business “Whole crude” properties Excellent cost-benefit tool
Inspection $5,000 Quarts Days using GC data with NO to obtain the petroleum
Assays Physical distillation work. product volume in
weight%. Quick turn-
around on lab results
featured as a snap shot.
BVI-”Quick $2,500 – 30 mls or 3 to 5 Business Extremely accurate for Used mainly for
Yield” Assay $5,000 more Days HTSD (high temp. sim. preliminary evaluation of
distillation) with LIGHT crude oils prior to
END (C10 –C10) merged purchase. Quick lab
data compared to TBP.. turnaround for demurrage
Preliminary evaluation of savings on marine
crude prior to purchase. movements.
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Mirroring the Refinery
to 175°F– 375°F
752o F Kerosene
(or 400o C)
375°F– 530°F
Diesel Oil
Laboratory
530°F– 650°F
Vacuum
Distillation Unit
Fuel Oil
o
ASTM D5236 •700 F Range
Vacuum Potstill 650°F–1050°F
752o F Residue
•1050o F
to 1050°F Plus
1050o F
(or 565o C)
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What an assay tells us
100%
90%
80%
70%
60%
50% Gases
Naphtha
40%
Kerosene
30% Distillates
Heavy products
20%
10%
0%
Eagleford
40.1° WTI
39.1° Brent
0.13%S Bakken
0.35%S 37.5°
0.40%S 44.1° Arab HVY
0.05%S 27.9° WCS
2.8%S 20.6°
3.34%
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QUICK Yield Crude Quality Monitoring
700
600
500
Temp (deg C)
400
Merged GC Data
TBP
HTSD
300
200
100
0
0 10 20 30 40 50 60 70 80 90 100
-100
Wt.%
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Who Uses the Crude Oil Assay Data
•Engineering Companies
•Government (SPR)
•Start – Up Companies, Lawyers, Banks, Investors
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Data Integrity and Verification
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In Summary
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References
Contact Details:
Bruce Carlile, Business Development – Crudes Oil & Shale Play Operations
Inspectorate America Corporation
12000 Aerospace Avenue, Suite 200
Houston, TX 77034
Office Ph: (713) 944-2000 Email: [email protected]
References:
COQA.org “Crude Oil Quality Association”
CCQTA.com “Canadian Crude Quality Technical Association”
Haverly.com and Spiral.com
Crude Quality Monitor.com (Owner – Bill Lywood)
ASTM Booklet – “Crude Oil Quality & Sampling” by Harry Giles (former, Director of the COQA)
The Carl McCain Foundation
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THE CRUDE OIL TRADER
The official title given crude-oil traders vary from company to company and some have pretty fancy
designations. They are quite commonly referred to as “buyers” even though many of them are engaged
primarily in selling. But they all call themselves “crude-oil men” and are proud of the designation.
It takes a special type of guy to be a crude-oil man. In the first place he has to be an extrovert, has to like
people and like to do favors and ask favors. His success depends on knowing everybody in the business and
getting along with them all.
He has to have an elephant like memory for pipe line locations and tariff rates, for refinery locations and their
crude requirements, for posted prices and specifications, and for figures of all kinds.
He has to have a built-in rapid calculator so he can figure the profit or loss on a deal without referring it to the
Economic Department for analysis.
He has to have a trigger-quick ability to make decisions. Things move fast in the crude-oil business, and more
often than not an attractive-looking deal won’t wait for consultation with the Refining Department or approval by
the Board of Directors.
Above all he has to be a straight shooter. His word must be as good as his bond. Deals are made orally and
informally, often over the telephone, and may be in effect for weeks before the lawyers complete the formal
contracts.
But a crude-oil man must not be a “sharp-trader” in the derogatory sense of taking advantage of the
other fellow. All of them have to give as many favors as they ask. They always need each others help.
Whether crude is in short supply or long.
Taken from “The Oil & Gas Journal”
January 26, 1962
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