RE: So What's Next ?10 Sep 2023 21:57
From RNS 2 June 2010
"As regards oil quality, there has been a delay in returning a sample to the UK due to air transport logistics difficulties between the Falkland Islands and the UK and subsequently clearing Customs. The sample is however now in the UK and analysis will be underway very shortly. Nevertheless, a sample of oil from the shallowest oil sand in the well was subjected to a preliminary test in Stanley and this indicated a medium grade crude, broadly in line with the Directors' expectations, with an API of 26.3."
The paraffin wax content is around 23% which is a valuable component and ought to bring a market value over Brent, but it will require steam trace heating on the FPSO to keep it liquid, and any shuttle tankers taking the oil to refinery. Because of steam heating, a dedicated tanker or tankers will required, not just any old tanker.
$20 shipping costs? Highly unlikely, it's about $1 per1000 miles per barrel. The Russia /India route has a a political risk premium.