Agbami Crude Oil Assay

Far East Cutpoints

Whole Crude
Gravity, API Sulfur, wt % Pour Point, F Pour Point, C Measured Acid, mg KOH/g Blended Back Acid, mg KOH/g Viscosity @ 40C (104F), cSt Viscosity @ 50C (122F), cSt Characterization Factor, K 47.2 0.05 35 1.6 <0.05 0.07 1.98 1.69 12.1

Heavy Naphtha (140-190C)

Gravity, API Sulphur, wt % Mercaptan Sulfur, ppm Naphthenes, vol % Aromatics, vol % Smoke Point, mm (ASTM) 51.2 0.01 6 24.7 13.6 23

Kerosene (190-230C)
Gravity, API Sulphur, wt % Mercaptan Sulfur, ppm 48.0 0.01 5 28.7 11.3 -37 19 <0.05 1.18

Yields, VOL %
Lt Naphtha (15-70C) Med Naphtha (70-140C) Hvy Naphtha (140-190C) Kerosene (190-230C) Atm Gas Oil (230-360C) Vac Gas Oil (360-540C) Vac Resid (540-FBPC) 8.6 18.6 11.9 10.9 30.2 12.8 1.9

Naphthenes, vol % Aromatics, vol % Freezing Point, F Smoke Point, mm (ASTM) Acid, mg KOH/g Viscosity @ 50C (122F), cSt

ATM Gas Oil (230-360C) Light Naphtha (15-70C)

Gravity, API Mercaptan Sulfur, ppm Octane Number, Research, Clear 86.7 1 72.6 Gravity, API Sulfur, wt % Nitrogen, ppm Naphthenes, vol % Paraffins, vol% Acid, mg KOH/g 58.4 4 40.5 9.7 60.5 Pour Point, F Viscosity @ 50C (122F), cSt Cetane Index Characterization Factor, K 39.9 0.04 100 34.5 51.0 0.1 40 2.87 64 12.2

Medium Naphtha (70-140C)

Gravity, API Mercaptan Sulfur, ppm Naphthenes, vol % Aromatics, vol % Octane Number, Research, Clear

VAC Gas Oil (360-540C)

Gravity, API Sulfur, wt % Nitrogen, ppm Naphthenes, vol % Paraffins, vol% Pour Point, F Acid, mg KOH/g Aniline Point, F Hydrogen, wt % Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Characterization Factor, K 27.4 0.19 1900 40.4 36.6 95 0.20 196 12.4 23.1 5.36 12.1

Vacuum Residuum (540-FBP C)

Yield, vol % Gravity, API Sulfur, wt % Nitrogen, ppm MCRT, wt % Asphaltenes, wt % (C7 Insolubles) Nickel, ppm Vanadium, ppm Iron, ppm Pour Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Viscosity @ 135C (275F), cSt 1.9 -1.0 0.3 5800 28.6 12.6 29 3.3 10 160 60000 1200 220

ATM Residuum (360-FBP C)

Yield, vol % Gravity, API Sulfur, wt % Nitrogen, ppm MCRT, wt % Asphaltenes, wt % (C7 Insolubles) Nickel, ppm Vanadium, ppm Pour Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Characterization Factor, K 14.8 23.0 0.2 2500 4.9 2.0 4.5 0.5 100 42.7 8.48 11.9

Chevron Global Supply and Trading 1500 Louisiana Street Houston, TX 77002

2007 Chevron Corporation. All rights reserved. CBRES/IDC Houston 064095 08/07

Agbami Crude Oil Assay

USGC Cutpoints

Whole Crude
Gravity, API Sulfur, wt % Pour Point, F Pour Point, C Measured Acid, mg KOH/g Blended Back Acid, mg KOH/g Viscosity @ 40C (104F), cSt Viscosity @ 50C (122F), cSt Characterization Factor, K 47.2 0.05 35 1.6 <0.05 0.07 1.98 1.69 12.1

Heavy Naphtha (300-400F)

Gravity, API Sulphur, wt % Mercaptan Sulfur, ppm Naphthenes, vol % Aromatics, vol % Smoke Point, mm (ASTM) 51.1 0.01 6 26.1 11.4 22

Kerosene (400-500F)
Gravity, API Sulphur, wt % Mercaptan Sulfur, ppm 45.3 0.02 4 30.5 11.6 -15 17 0.05 1.49

Yields, VOL %
Lt Gasoline (55-175F) Lt Naphtha (175-300F) Hvy Naphtha (300-400F) Kerosene (400-500F) Atm Gas Oil (500-650F) Lt Vac Gas Oil (650-800F) Hvy Vacuum Gas Oil (800-1050F) Vac Resid (1050-FBPF) 9.6 19.0 14.3 15.1 19.2 10.9 5.2 1.6

Naphthenes, vol % Aromatics, vol % Freezing Point, F Smoke Point, mm (ASTM) Acid, mg KOH/g Viscosity @ 50C (122F), cSt

ATM Gas Oil (500-650F)

Gravity, API 38.9 0.05 97.0 35.3 49.8 0.12 41 3.26 67 12.2 Sulfur, wt %

Light Gasoline (55-175F)

Gravity, API Mercaptan Sulfur, ppm Octane Number, Research, Clear 83.2 1 73.8

Nitrogen, ppm Naphthenes, vol % Paraffins, vol% Acid, mg KOH/g Pour Point, F

Light Naphtha (175-300F)

Gravity, API Mercaptan Sulfur, ppm Naphthenes, vol % Aromatics, vol % Octane Number, Research, Clear 57.6 5 36.0 11.7 59.4

Viscosity @ 50C (122F), cSt Cetane Index Characterization Factor, K

LT VAC Gas Oil (650-800F)

Gravity, API Sulfur, wt % Nitrogen, ppm Naphthenes, vol % Paraffins, vol% Pour Point, F Acid, mg KOH/g Aniline Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Characterization Factor, K 32.4 0.13 715 39.2 40.3 85 0.20 187 10.0 3.04 12.2

ATM Residuum (650-FBP F)

Yield, vol % Gravity, API Sulfur, wt % Nitrogen, ppm MCRT, wt % Asphaltenes, wt % (C7 Insolubles) Nickel, ppm Vanadium, ppm Pour Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Characterization Factor, K 17.7 24.9 0.18 2200 4.2 1.7 3.8 0.4 95 29.6 6.63 11.9

HVY VAC Gas Oil (800-1050F)

Gravity, API Sulfur, wt % Nitrogen, ppm Pour Point, F Acid, mg KOH/g Aniline Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Characterization Factor, K 20.5 0.25 3700 105 0.17 207 101 14.2 11.9

Vacuum Residuum (1050-FBP F)

Yield, vol % Gravity, API Sulfur, wt % Nitrogen, ppm MCRT, wt % Asphaltenes, wt % (C7 Insolubles) Nickel, ppm Vanadium, ppm Iron, ppm Pour Point, F Viscosity @ 50C (122F), cSt Viscosity @ 100C (212F), cSt Viscosity @ 135C (275F), cSt 1.6 -3.3 0.28 5900 33.0 15.3 35 3.9 12 170 253500 3100 460

Chevron Global Supply and Trading 1500 Louisiana Street Houston, TX 77002

2007 Chevron Corporation. All rights reserved. CBRES/IDC Houston 064095 08/07