Posts Tagged ‘operating costs’

Technical Service Contracts

Definition Technical Service Contract, or TSC, refers to an oil and gas exploration and production contract awarded by a producing country to the International Oil Company (IOC) bidding with the lowest remuneration fees per barrel (RFB) produced as reward of its capital and operational expenditures. Comments Most of the exploration […]

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RIL awards Technip and CB&I for Jamnagar Ethylene and Paraxylene

Reliance to gear up on $11 billion Jamnagar refinery expansion Reliance Industry Ltd (Reliance or RIL) is making major steps in the expansion of its refinery located in Jamnagar, Gujarat, India. With $11 billion capital expenditure, Reliance is planning  one of the brownfield largest expansion of energy and petrochemical projects gobally. Commissioned on July 1999 with an installed refining capacity of 668,000 b/d, 1.9 million t/y Polypropylene and […]

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