Scribd
Upload
37 views3 pages

Effective February 1, 2014 To July 31, 2014 Crude Equalization Penalty Factors

The crude oil and condensate equalization penalty factors document provides information on: 1) The penalty factors for crude oil and condensate are updated semi-annually based on density and sulfur content, with higher or lower densities and sulfur contents receiving penalties or credits versus a reference quality standard. 2) Examples are given of how to calculate the dollar per cubic meter penalty or credit for a crude or condensate based on its density and sulfur content compared to the reference standards. 3) Prior periods' penalty factors are also shown for reference.

Uploaded by

hari prasad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
37 views3 pages

Effective February 1, 2014 To July 31, 2014 Crude Equalization Penalty Factors

The crude oil and condensate equalization penalty factors document provides information on: 1) The penalty factors for crude oil and condensate are updated semi-annually based on density and sulfur content, with higher or lower densities and sulfur contents receiving penalties or credits versus a reference quality standard. 2) Examples are given of how to calculate the dollar per cubic meter penalty or credit for a crude or condensate based on its density and sulfur content compared to the reference standards. 3) Prior periods' penalty factors are also shown for reference.

Uploaded by

hari prasad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 3

The crude oil equalization penalty factors are applied to equalize value for a crude's density and sulphur

content. The Penalty factors are


annual basis in February and August.
For a unit change in density and sulphur (wt%), the value of light crude oil increases or decreases relative to the base standard of sweet c
0.5% sulphur -- the reference quality standard used for crude equalization.

Effective February 1, 2014 to July 31, 2014 Disclaimer:


Enter Crude Equalization Penalty Factors Ensure Crude Equalization Penalty factors a
Density $Cdn per kg/m3 per m3 correct for the time period.
< 800 kg/m3 $0.49 Use of this 'calculator' is at your own risk.
800 to 825 $0.00
>825 $0.49
Sulphur $Cdn per 0.1 wt%Sul. per m3
<= 0.5 wt.% Sul ($1.38) i.e. ( ) = credit
> 0.5 wt.% Sul $1.38

CRUDE OIL - EQUALIZATION PENALTY CALCULATOR


Crude Equalization Scale Factors Enter Location's Crude Quality
Density @15C $0.49 per kg/m3 per m3 Density kg/m3 832.0 >
Sulphur $1.38 per 0.1 wt%Sul. per m3 Sulphur - wt% 0.60 >

>>>>>

Example
1. Crude 832 density and .6% sulphur: Density & Sulphur adjustments = (832-825)*0.49 + (6-5)*1.38 = 3.43 + 1.38 = 4.81
So for a cubic meter of crude delivered into a common stream, the producer would be equalized based on reference quality (825 /.5 par) less
Note: Prior 6 month period Crude Equalization Scale Factors were:
August 1, 2012 to January 31, 2013
Density $0.49 per kg/m3 per m3
Sulphur $1.38 per 0.1 wt%Sul. per m3
ur content. The Penalty factors are updated on a semi-

ive to the base standard of sweet crude at 825 density and

de Equalization Penalty factors are


he time period.
calculator' is at your own risk.
Updated January 2014

Crude Penalty Calculation -$C /m3


Density penalty/(credit) $3.43
Sulphur penalty/(credit) $1.38
Total penalty /(credit) $4.81
The penalty / credit is versus the EQ reference
quality for Crude (825 dens & 0.5 wt%Sul)

quality (825 /.5 par) less $4.81


Condensate Equalization Penalty Factors Feb-15 Disclaimer:
Density $Cdn per kg/m3 per m3 Ensure Monthly Condensate Equalization
> 750 kg/m3 $0.17 (799 is the max spec for C5+) Penalty factors are correct for the time period.
750 $0.00 Use of this 'calculator' is at your own risk.
<750 kg/m3 ($0.17) Updated March 2015
Sulphur $Cdn per 0.1 wt%Sul. per m3
<= 0.5 wt.% Sul ($1.38) i.e. ( ) = credit
> 0.5 wt.% Sul $1.38
Notes on Condensate Penalty Factors:
The density slope (penalty factor) is set each month, based on the relative value of condensate versus heavy crude.
The sulphur penalty factor is set equal to the crude scale sulphur penalty.
The butane penalty is set each month based on condensate and butane values. The Butane Penalty is equivalent to the following:
Deemed C4- Content Butane Penalty
Less than or equal to 5.0 vol%. No Penalty
Greater than 5.0 vol%. Zero Value
Note: C3- content is multiplied by 3 then added to the C4 content to arrive at the Deemed C4- Content

Enter Monthly Condensate EQ factors: << Attention ! Requires monthly update of Condensate EQ Factors
Production Month Feb-15 Constant Factors:
Density Slope $0.17 $Cdn per kg/m3 per m3 C5+ Reference density 750.0 kg/m3
Sulphur penalty factor $1.38 $Cdn per 0.1 wt%Sul. per m3 C5+ Reference sulphur 0.20 wt %
Condensate price $363.69 $Cdn/m3

CONDENSATE - EQUALIZATION PENALTY CALCULATOR


Enter the Location's Condensate Quality: C5+ Penalty Calculation -$C /m3
(%C1 + %C2 + %C3) = C3- 0.05 Vol%
C4 Content 2.20 Vol% C4- penalty $0.00 *
Density @15C 712.3 kg/m3 Density penalty/(credit) ($6.41)
Sulphur 0.030 wt % Sulphur penalty/(credit) ($2.35)
>>>>> Total penalty /(credit) ($8.76)
The condensate penalty / credit is versus the
EQ reference quality for Condensate

*Note: Modified to reflect changes supported by industry October 19, 2012

You might also like