Page 13 - 2020 CORPORATE PROFILE FUELQO ENERGIA LIMITED

Strictly Private & Confidential

Angolan Crude Oils Cabinda

The crude oil is produced in Angola. It is loaded from the ChevronTexaco-operated Malongo Terminal,
which can accommodate Very Large Crude Carrier (VLCC) loading. Nemba also loads at Malongo, and
combined cargoes of Cabinda and Nemba on VLCC’s are possible. The typical cargo size is 950
thousand barrels, but alternate cargo sizes can be arranged with planning. The minimum cargo size is
600 thousand barrels. The production rate of the contributing fields is approximately 270.000 b/d. This
medium sweet Angolan crude represents commingled material from the Takula and Malongo systems.
Its API gravity is 32.0 with a sulfur content of 0.12%. The typical Cabinda output from Malongo is
approximately 350,000 b/d. The current bbl/mt conversion factor for Cabinda crude oil is 7.28. Other
specifications: Pour point 16 °C, TAN 0.06 mg KOH/g, Nickel 16. wppm, Vanadium 2.2 wppm, Visc.
(50°C) 9.90 cSt.

Hungo

The crude is produced from the Hungo and Chocalho fields. The operator is ExxonMobil and the
loading port is Kizomba A FPSO offshore Angola. Standard cargo size is 1 million bbl (with the option
to increase/ decrease). Crude production is 210,000 bbl a day. Hungo Blend is classified as a medium
density, medium sulphur, and medium TAN crude. Specifications are: API 28.5°, S.G. 0.8844

(conversion rate 7.06), Sulphur 0.71 mass%, Pour point -36°C, TAN 0.43 mg KOH/g, Nickel 19.0
wppm, Vanadium 17.0 wppm, Visc. (40°C) 12.9 cSt. Hungo Blend was formerly known as Kizomba A.

Kissanje

The grade is produced from the Kissanje and Dikanza fields and the operator is ExxonMobil. The loading

port is Kizomba B FPSO offshore Angola. Standard cargo size is 1 million bbl. Production is 250,000
bbl/day. Kissanje Blend is classified as a medium density, medium sulphur, and medium TAN crude.
Specifications are: API 28.2°, S.G. 0.8858 (conversion rate 7.06), Sulphur 0.44 mass%, Pour point -21°C,
TAN 0.64 mg KOH/g, Nickel 16.1 wppm, Vanadium 5.7 wppm, Visc. (40°C) 15.62 cSt. First cargoes
moved end of July 2005.

Nemba

The grade is produced offshore Angola and loads at the Malongo terminal, where Cabinda also loads.
The typical cargo size is 950,000 and production typically totals 140,000 b/d.

Nemba is categorized as a low density, low sulfur crude. Specifications are: API 38.6°, Sulfur 0.22
mass%, Pour point -6.7°C, TAN 0.18 mg KOH/g, Visc. (40°C) 4.15 cSt, Vanadium 3.83 ppm. Production
began at South Nemba in June 1998, with North Nemba following in August 2001.

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