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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 ]
The Manali Refinery in Chennai has a capacity of 10.5 million tonnes per year and is one of the most complex refineries in India with fuel, lube, wax and petrochemical feedstocks production facilities. CPCL's second refinery is Nagapattnam Refinery located at Cauvery basin at Nagapattinam in Panagudi.
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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 ...
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.
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.
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