Nigeria’s oil industry is vital to the global energy market, producing a variety of high-quality crude grades, each with unique attributes and applications. Here’s an in-depth look at Nigeria’s main crude oil grades, their properties, primary export destinations, and the regions where they are sourced.
1. Bonny Light
- Location: Produced in the Niger Delta and exported through the Bonny Terminal.
- Properties: Bonny Light is a light, sweet crude with an API gravity of around 35-37 degrees and low sulphur content (approximately 0.24%). These properties make it highly sought after as it is easy to refine into high-value products such as gasoline and diesel, making it one of Nigeria’s most valuable exports.
- Markets: Bonny Light is primarily shipped to Europe and North America, where low-sulphur standards are stringent, favouring light, sweet crudes for low-emission fuel production.
2. Qua Iboe
- Location: Produced offshore from Akwa Ibom State and exported via the Qua Iboe Terminal, operated by ExxonMobil.
- Properties: With an API gravity of about 38-40, Qua Iboe is a light, sweet crude prized for its high gasoline yield and low sulphur content. This makes it one of the premium crude grades from Nigeria, suitable for regions with strict environmental standards.
- Markets: Qua Iboe is popular in Europe and Asia, particularly in countries with high demand for gasoline. Its quality often commands a premium price.
3. Escravos
- Location: Sourced from Delta State, operated by Chevron, and exported via the Escravos Terminal.
- Properties: Escravos crude has an API gravity around 30, making it a medium-heavy crude with higher sulphur content (1.5%-2%). Despite being classified as sour, its versatility makes it suitable for refining into a range of fuels, including diesel and industrial oils.
- Markets: Typically exported to Asia and the U.S., where it’s refined into a variety of products, particularly in facilities equipped to handle sour crudes.
4. Forcados
- Location: Produced in Delta State and exported through the Forcados Terminal, which Shell operates.
- Properties: Forcados is a medium-light, sweet crude with an API gravity of about 30-32 degrees. Its low sulphur content and balanced refining profile make it versatile for producing jet fuel, diesel, and middle distillates.
- Markets: Forcados is widely exported to Europe and Asia, where its balance of quality and flexibility is highly valued.
5. Akpo
- Location: Offshore deepwater fields in Nigeria, produced by TotalEnergies and NNPC.
- Properties: Akpo is an ultra-light crude with an API gravity above 47 and very low sulphur content, aligning with stringent environmental regulations. Its composition is ideal for refining into cleaner-burning fuels, like gasoline and jet fuel.
- Markets: Primarily shipped to Europe and parts of Asia, Akpo meets the demand for low-sulphur fuels in regions with strict emissions standards.
6. Agbami
- Location: Offshore Nigeria, produced in the Agbami field operated by Chevron.
- Properties: Similar to Akpo, Agbami is an ultra-light crude with high API gravity and minimal sulphur, making it desirable for high-quality, low-emission fuels.
- Markets: Agbami is popular in the U.S. and European markets, where demand for environmentally friendly fuels is increasing.
7. Nembe Light
- Location: Onshore Niger Delta, from Oil Mining Lease (OML) 29, operated by NNPC and Aiteo.
- Properties: With an API gravity of 29 and low sulphur content, Nembe Light is suitable for producing low-emission fuels. It was previously blended with Bonny Light but has recently gained individual market recognition due to its distinct characteristics.
- Markets: Nembe Light is exported primarily to Europe, including France and the Netherlands, where its eco-friendly refining qualities are valued. The crude is transported via the new Nembe Crude Oil Export Terminal (NCOET), featuring a Floating Storage and Offloading (FSO) vessel.
8. Utapate (Newest Grade)
- Location: Offshore Akwa Ibom State, produced under Oil Mining Lease (OML) 13 in partnership with Sterling Oil Exploration & Energy Production Company (SEEPCO) and NNPC.
- Properties: Utapate is a light, sweet crude with low sulphur (0.0655%), similar to the Amenam blend. These attributes make it well-suited for refineries focusing on clean fuel production, offering a highly efficient refining process.
- Markets: Since its 2024 debut, Utapate has been exported to Spain and the U.S. East Coast, meeting demand in refineries focused on low-emission fuel outputs.
9. Brass River
- Location: Produced in Bayelsa State, managed by Agip and exported via the Brass Terminal.
- Properties: Brass River is a light, sweet crude with an API gravity around 34, suitable for producing middle distillates such as diesel and petrol.
- Markets: Brass River crude sees demand in Europe and North America, where it is refined into transportation and industrial fuels.
Nigeria’s extensive portfolio of crude grades, including light, ultra-light, and medium-heavy varieties, ensures a significant position in the global oil market. The unique properties of these grades, from low-sulphur Bonny Light to the ultra-light Agbami, cater to diverse refining needs, making Nigerian oil an essential resource for high-quality, environmentally-friendly fuel production. Through continued exploration and strategic partnerships, Nigeria’s oil sector remains vital in meeting international fuel standards and energy demands.
