Increased Interest in WTI Specifications Highlights Fall 2015 COQA Meeting
Meeting Archives, including summaries and all presentation slides, are posted here.
Subcommittee Information and Notes are forthcoming. Notes on the Asphaltene Precipitation Committee are posted here.
The Fall 2015 COQA meeting was held October 21 & 22 at the Astor Crowne Plaza Hotel in New Orleans, LA with over 115 in attendance. Thursday’s full day program featured a number of presentations related to the US Gulf Coast, including Dr. Lloyd Wenger of ExxonMobil providing a look at the geochemistry of the Northern Gulf of Mexico Basin; Chris Roark of the Strategic Petroleum Reserve (SPR) discussing the new light ends specifications for SPR crude; Max Cummings of Allocation Specialists describing the various quality banks in the region; and Wade Tornyos of LOOP explaining the new crude grade “LOOP Sour”.
A highlight of the meetings was the renewed interest in the WTI recommended specifications, the re-establishment of the WTI specifications subcommittee, and the very lively meeting of this group on Wednesday afternoon, October 21st. With the tremendous increase in blending of WTI/Domestic Sweet recently, many refiners have expressed concerns about the quality of the crude and the challenges they face to safely and efficiently refine the crude into on-spec finished products.
Dennis Sutton opened the subcommittee meeting, reviewing the history of the COQA’s recommended specs, details of which can be found on the COQA website. Aaron Dillard of P66, has agreed to chair the subcommittee. Comments were shared by Marty Power of CVR describing evidence of vacuum tower bottoms being purchased, taken to a crude gathering station and blended back into the crude stream. Dan Brusstar of CME/NYMEX shared his group’s support for more transparent communication of the WTI quality information. Work is being planned to progress the goals that Mr. Dillard outlined and the group will provide a subcommittee update report in San Antonio, in conjunction with the next COQA meeting.
Again, we want to thank our sponsors for the event: Intertek, AmSpec, and JP3 Measurements.