Akpo is a a light sweet crude oil grade from Nigeria
It is produced from the Akpo field in ultra-deep water off the coast of Nigeria, about 124 miles from Port Harcourt. The field is operated by Total and owned by Total, CNOOC, Petrobras, NNPC, ad Satpetro
Cargoes are loaded from the Akpo FPSO and mover to refiners n Europe, the East Coast of North America, and to Asia
Spot prices are reported by both Platts and Argus, for 950,000-1,000,000 bbl cargoes, FOB at the Akpo FPSO. There is also an official formula price posted by NNPC