Australia Gippsland crude oil Assay
Gippsland API gravity: 48
Crudes lighter than 45 are typically considered extra-light crude or condensates and are valued lower than light crude because they contain a lot of light ends such as propane and butane. Tim FitzgibbonMore API
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API = (141.5/Specific Gravity) - 131.5
Barrels of Gippsland crude oil per metric ton
In the oil industry, quantities of crude oil are often measured in metric tons. Gippsland 7.98 bbl per MT.
Gippsland Sulfur: 0.1%
Sulfur is considered an undesirable contaminant because, when burned, it generates sulfur oxides.
As a general rule, a crude oil grade with high sulfur content will have a lower value. This type of crude is often referred to as a sour crude.
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