Crude Marketing

Yields Summary

There are around 12 crude oil qualities  which can be marketed by the Oil and Gas Marketing Team. 

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There are around 12 crude oil qualities  which can be marketed by the Oil and Gas Marketing Team.

Fossil Universal Oil & Gas Company's Oil and Gas  marketing team is based in London and is responsible for overseeing crude marketing for the group. Crude oil volumes available for Fossil Universal Oil & Gas Company to market are around 160,000 bopd or 60 million bbl per year.

The team regularly issues tenders either for SPOT sales (e.g. Wytch Farm, Yombo, Vasconia, Kole) or 6 month to one year TERM sales (e.g. Coco, Oguendjo, Zarzaitine, Lucina, Xan Coban). Some other crudes are sold through long term sales agreements.

Note that Vietnamese Rang Dong and Su Tu Den crudes are marketed by PVoil through independent tenders.