A JV appoints a Marketing Agent to market their share of Oil on the International Spot Market. Sales terms etc r all negotiated for the cargo shipment. The transportation costs gets added to the overall production/ lifting costs which then r deducted from the Sales price for the net margin before taxes etc.
Few examples :
- Tullow uses Vitol to sell the 39API Jubilee Crude.
- WPL & Mitsui engage with METS to sell the Heavy Sweet crude from Enfield/Vincent.
- BP-KOS shortlisted BP's Gas Marketing Division from a list of contenders to sell LNG from the upcoming Tortue Project.
Ann: Annual Report 2018, page-307
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.0¢ | $129.8K | 281.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90053 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 58095 | 1 |
View Market Depth
| Last trade - 13.21pm 20/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |