AboutSoheil Moayedi Expertise I`ve studied Petroleum Engineering, and so I can answer all general questions about petroleum genesis and different petroleum exploration methods. I`ve worked on the source of non-hydrocarbon gases and the relationship between conventional well logs and geochemical properties of the source rock and petroleum.
Experience
Experiences:
Petroleum Geochemistry
Well Logging Interpretation
Petroleum Systems
Petroleum Exploration
Marketing of Oil Tools
Marketing of Pipe Handling Equipments
Organizations
2006-Present: Hamrah Poushesh Oil and Gas Company (HPOGC) - http://www.hpogc.com
2004-2006: National Geoscience Database of Iran (NGDIR) - http://www.ngdir.com
Education/Credentials:
MSc in Petroleum Engineering - Exploration
BSc in Mining Engineering - Exploration
Question Need to know the most exact price for a litre of oil at the
moment it comes out of the well.
Answer Dear Peter, unfortunately I couldn't give you any number, since price of oil depends on many variable factors, mostly its components.
I could only suggest a solution for it. In case you have the API and the sulphur content, you may make comparison with WTI's price, for example which has 0.24% sulphur content and an API gravity of around 39.6. WTI is about 134.71 $/bbl. And also with Brent crude, which contains approximately 0.37% of sulphur and has an API gravity of around 38.06. Brent is about 134.91.
This would give you a rough figure about the possible price for a barrel of oil comes out of a well with known sulphur content and API gravity.
As a general rule, higher API gravity means, lighter oil and so higher price. Less sulphur content, means sweeter oil, less refining costs and so higher price.
Thanks for your question. Please feel free to ask any other question.
