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The ONGC was also continuing its exploration in the Cauvery Basin and in Ramanathapuram area. As a result of the exploration, ONGC has been able to establish "production of oil @ 0.375 million tonnes per year and gas production @ 0.4 million cubic metres per day as on 1.1.2000", he said, quoting Ministerial figures.
The Nagapattnam Refinery also known as Cauvery Basin Refinery [1] was the second oil refinery constructed by Chennai Petroleum Corporation Limited. It is situated at Kaveri Basin at Nagapattinam . [ 2 ]
Now this 1.0 million tonnes per year refinery is being dismantled to increase its capacity to 9.0 million tonne per year with cost of ₹ 27,000 crore (US$3.1 billion) this new project will be completed by 2022 and will boost the company growth
The upstream capital costs index (UCCI), formally known as IHS/CERA upstream capital costs index, is a proprietary index of the rate of inflation seen in the costs associated with the construction of a global portfolio of 28 upstream oil and gas projects.
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
According to an economic analysis by Highland Economics the CBDL had done for the project in 2022, the Columbia Basin Project's economic contribution to the country includes $2.66 billion in ...
Thus, the higher the index number, the greater the cost of the refinery and the higher the value of its products. In the second edition of the book Petroleum Refinery Process Economics (2000), author Robert Maples notes that U.S. refineries rank highest in complexity index, averaging 9.5, compared with Europe's at 6.5.
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.