Nigerian crude grade · Medium sweet, high-acid

Usan crude oil

Company-published assay, 21 February 2025 Usan FPSO
API gravity
27.4°1
Sulphur
0.29 wt%
Acidity (TAN)
1.65 mg KOH/g
Pour point
-77 °C
Barrels per tonne
7.07 derived2
Standard cargo
1,000,000 bbl3

Evidence basis: Company-reported Company-published assay, dated 21 February 2025. Crude quality varies from cargo to cargo; in any transaction the certificate of quality for the specific lifting governs, not a published assay.

Data limitation

The pour point of −77 °C is reproduced exactly as printed in the assay; it is unusually low and should be confirmed against a cargo certificate.

Usan: quality and origin

Usan is a deepwater crude produced about 100 km offshore. Reference tables commonly list it at 30–31° API and about 0.25% sulphur.34 The most recent company assay, published by ExxonMobil and dated February 2025, is materially different: 27.4° API, 0.29% sulphur and a total acid number of 1.65 mg KOH/g, with acidity of 2.3–3.3 in the heavier distillate cuts.1

Why acidity matters

A total acid number above about 1 places a crude in the high-acid category, which can cause naphthenic-acid corrosion in refinery units not built with suitable metallurgy. In our reading, Usan is therefore a specialist grade: refiners able to handle or blend high-acid crude may find value in it, while others should check unit limits before bidding. The same assay reports nickel at 16.6 and vanadium at 3.9 parts per million — higher than most Nigerian grades — and 39.4% residue above 370 °C.1

Cargoes and buyers

Usan trades in one-million-barrel cargoes.3 Indian Oil Corporation bought a Usan cargo by tender in 2025 according to Reuters reporting.5 Reported output was 32.23 thousand b/d in May 2026.6

Distillation yields

Yields in vol% as published. Source: ExxonMobil, assay dated 21 February 2025.
CutYield (vol%)
C5–65 °C3.5
65–100 °C4.3
100–150 °C7.7
150–200 °C8.1
200–250 °C9.6
250–300 °C10.9
300–350 °C10.9
350–370 °C4.1
370 °C+ residue39.4
of which 550 °C+12.2

Other assay values: density 890.1 kg/m³; viscosity 22.2 cSt at 20 °C; 10.7 cSt at 40 °C; nickel 16.6 and vanadium 3.9 mg/kg.1

How published figures compare

Publishers quote different qualities for Usan because assays are run years apart on a stream whose field mix changes, and because price-reporting agencies publish rounded "typical" values. We show the figures side by side rather than silently choosing one.

SourceAPISulphur wt%Evidence
ExxonMobil, 21 February 2025127.40.29Company-reported
Argus typical, Aug 2026330.60.23Industry
EIA table, Nov 20254310.25Government

Loading, operator and output

Loading point
Usan FPSO — see the export terminal database
Operator
Operatorship not confirmed by us from a current primary source; the assay is published by ExxonMobil as an equity holder. OML 138.1
Producing area
Deepwater, about 100 km offshore in 750–850 m of water
Status
Active
Reported output
32.2 thousand b/d — USAN stream, May 2026.6 This is production by stream, not exports; part of some streams is delivered to Nigerian refineries.
Pricing basis
A differential to Dated Brent — see how Nigerian crude is priced
Volume conversion
7.07 barrels per tonne at this gravity (our derived figure) — the barrels-to-tonnes converter has Usan as a preset
Checking an offer
A genuine Usan cargo traces back to the operator and loading point above. See who can lawfully sell Nigerian crude and the verification centre before engaging any seller

Comparable grades

The Nigerian grades closest to Usan by API gravity. The comparison tool puts any of them side by side.

Sources

  1. ExxonMobil — Usan assay (ref. USAN25Y) (published 21 February 2025; retrieved 18 September 2026) Company-reported
  2. Nigeria Crude Oil Merchant — Derived calculation — see our methodology (retrieved 18 September 2026) IndustryOur own arithmetic on cited inputs; not an official figure.
  3. Argus Media — Argus Crude methodology and specifications guide (West Africa typical qualities and cargo sizes) (published August 2026; retrieved 18 September 2026) Industry'Typical' values used for price assessment, not a laboratory assay.
  4. U.S. Energy Information Administration — Country Analysis Brief: Nigeria (published 18 November 2025; retrieved 18 September 2026) GovernmentExport volumes are EIA and Global Trade Tracker estimates for calendar 2024. Grade table draws on Argus, Reuters and OIES.
  5. Reuters, via Leadership — India expands crude purchase from Nigeria (published September 2025; retrieved 18 September 2026) Secondary sourcePublication date approximate.
  6. Nigerian Upstream Petroleum Regulatory Commission — 2026 daily average crude oil and condensate production by terminal stream, January–May (provisional) (published June 2026; retrieved 18 September 2026) RegulatoryProduction by stream, not exports. Provisional.

Last reviewed 18 September 2026. Found an error? Tell us — see our methodology and corrections policy.