equity crude

equity crude

[′e·kwəd·ē ‚krüd]
(petroleum engineering)
Crude produced which belongs to an oil company that owns a concession jointly with a host government.
References in periodicals archive ?
Sbraire was appointed Vice President, Equity Crude Acquisitions in Trading & Shipping.
The Pasadena refinery has the capacity to process approximately 110,000 barrels per day of light crude, direct pipeline connections to increasing industry and equity crude oil production, connections to major product pipelines, and dock access to receive and ship crude oil and refined products.
Assets include a refinery with a capacity to process approximately 110,000 barrels per day of light crude, direct pipeline connections to increasing industry and equity crude oil production, connections to major product pipelines as well as waterborne access to receive and ship crude oil and refined products.
It said eventual winners are expected to be off-takers licensed to trade on Nigeria's equity crude for a 12 months period.
But the majority of Agbami lies in Block 127, while one-third of it lies in the adjacent Block 128 where Statoil in 2004 got 18.85% in a unitised development of Agbami, which gives the Norwegian firm about 40,000 b/d of equity crude oil output.
Addax has 537 million barrels of 2P (Proved + Probable) equity crude reserves, and 738 million barrels of 3P (Proved + Probable + Possible) equity crude reserves.
As the Chinese firm has no retail or significant upstream operations in the Atlantic Basin, the deal seems clearly tied to its trading ambitions, giving it a source of gasoline and diesel as well as a buyer for some of the over 600,000 bpd equity crude production from parent company CNPC's overseas operations.
Revenues were $14.9 million arising substantially from the sale of 120,577 bbls of equity crude oil exported from Tunisia in May 2008.
Apart from their equity crude entitlements, Shell and Total buy back crudes from the MOG.
Statoil in 2004 got 18.85% in a unitized development of Agbami, which will give the Norwegian firm about 40,000 b/d of equity crude at the field's plateau level.
AIOC sells its cost-recovery crude and most of equity crude through the terminal of Supsa, in Georgia.