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17th Jan12
B)
C)
INDIAS RESERVES: 5.9 billion BBLS (0.5% OF WORLD RESERVES) 0.8 billion TONNES Source:BP
BG
Others
RIL
ONGC
OIL
Crude Source
HS Crude: 71.1% (2007-08) Arab Mix (80:20), Basrah Lt., Upper Zakum, Kuwait
Iraq
Saudi Arabia
Nigeria
LS Crude: 28.9% (2007-08) Bonny Lt., Labuan, Miri Light, Girasol, Forcados, EA Blend
Malaysia
NW Europe
US
VADINAR
ECI KAKINADA / SANDHEADS
Product TO US / NWE
BACK_HAUL TO INDIA
Types of Crudes
BITUMINOUS High Sulfur Lube bearing Basrah Light NON-BITUMINOUS High sulphur Arab medium Kuwait
Arab mix
Non-lube bearing Suez Mix Dubai
Low sulphur
Qua I boe Miri light Labuan
Hydrocarbon Classification
(CONTD.,)
PARAFFINIC BASE
WAXY, LESS ASPHALTIC, LOW SULPHUR, HIGH POUR
NAPHTHENIC BASE
NAPHTHENIC BASE STOCKS, LESS WAX, LESS ASPHALTIC, LOW POUR
ASPHALTIC BASE
HIGH SULPHUR, NITROGEN, SUITABLE FOR BASE OILS
1.14
1.12
1.31
1.41
1.51
32.7 275
$/bbl-CONVESION
1 1000 1000 1bbl 19.23 2.61 Crude density m3 MT/bbl 0.159 0.136 kg/m3 855
383 23.9
110
42076
(Figs in $/bbl)
$/bbl
20
1 2 3 4 5 6 7 8
FOB OCEAN FREIGHT INSURANCE OCEAN LOSS PORT CHARGES CUSTOM DUTY/ NCCD DEMURRAGE OTHER CHARGES
TOTAL
Crude Pricing
(Typical : Yr 10-11:crude procurement of Labuan( 79 $/bbl & Bas Lt 76 $/BBL
LS Rs./ MT 1 2 3 4 5 6 FOB Freight DV Freight Insurance ((1)*0.04%) Ocean Loss((1+2+3+4)*0.6%) Landing Charge 26580 700 200 20 250 100 % 94.9% 2.5% 0.7% 0.04% 0.9% 0.4% 25585 600 200 15 150
100
50 100 26800
0.4%
0.2% 0.4% 100%
7
8
50
100 28000
0.2%
0.4% 100%
BASIS OF SELECTION
Types of Crude oil Refinery and Refinery configuration Product & Product demand Environment & Environmental issues
Profitability.
% Yield
60.0 50.0 40.0 30.0 20.0 10.0 0.0 0 100 200 300 400 500 600
vol% wt%
Temperature, oC
REDUCTION COST
OF
TRANSPORTATION
ATU&ARU
Off Gas NHDT&CRU
SRU
H2
MSQ C D U 1 C D U 2
GO SO
Reformate
HGU-I
FCC Gasoline
HCN
HGU-II
H2
Crude
KHDS
H2
DHDS
LPG LCN
JBO (2 GRADES)
Kero HCN HSD
FCCU
Extract
OHCU Bottoms
OHCU
H2
ATU&SRU
FG
Sulphur
RCO
PDA
Asphalt
Extract DCO
V V D D U U 1 2
SR LO
CBFS
100N/150N/500N/850N/ 150BN GR-I LOBS
LO / IO / HO
DAO
FEU NMP
Raffinate
SDU
Slack Wax Raffinate
DWO
HFU
H2
CDWU
H2
VBU
VB Tar
MCW BTU
Bitumen Emulsion
MCW
FO (2 GRADES) Bitumen(3GRADES) Bitumen Emulsion
IFO
Panipat Refinery
IndianOil
OFFGAS OFFGAS LPG FUEL GAS
ATU
HGU
NAPHTHA HY. NAPH. COKER NAPHTHA H2
SR LPG TREATER
LPG
NAPHTHA
KERO
LGO HGO
DHDT
DCU
LCGO HCGO
HCU
GAS OIL
SRU
COKE
IFO
LPG MS
38100
SKO
NAPH
ATF
HSD LS crude FO HS crude
Bitumen
Apr10- Mar11
Apr11- Nov11
35
JUL'08
32
S, wt% Price, /MT Yield, wt fraction
34.4 2.13
GPW
35.22 0.11
0.08
Labuan
LPG Naphtha MS Kero Gasoil Fuel oil Fuel & Loss Total BPT GPW, $/bbl Freight $/bbl Crude Price (Calc for Netback-Zero) Landed Price, $/bbl Gross Margin,$/bbl
Qua Iboe 1.7% 5.0% 8.4% 15.3% 50.0% 11.6% 8.0% 100.0%
Labuan 7.51 53.38 66.72 145.95 480.38 13.34 767.28 7.24 105.98 2.25 103.73 109.15 -3.18
Basrah 15.85 61.72 70.06 120.10 349.45 150.12 767.28 7.35 104.39 1.17 103.22 102.45 1.94
Qua Iboe 14.18 41.70 70.06 127.60 417.00 96.74 767.28 7.38 103.97 2.00 101.97 115.97 -12.01
Escravos, Bony Lt, Labuan, Iran Mix, East Africa, Girasol, Masila, etc
1.3
0.8
0.5
HS/LS in VLCC
Only crudes of Far East transported by LR-II lighterage minimized : Partial discharge from VLCC at Vizag / Kakinada.
160.0 170.0 170.0 340.0 500.0 32.0 16.5 28.4 40.5 55.0 172.1 77.2 40.0 1.7 18.0 10.1 499.7 85.54 1260.8 1170.0 5.3
160.0 170.0 170.0 340.0 500.0 32.0 15.9 32.2 40.5 55.0 166.4 78.8 40.0 1.7 18.0 10.1 498.8 78.92 1253.6 1169.4 5.3
GRM
92.51
85.54
78.92
66.00
BY HS CRUDE MAXIMIZATION
HS PROCESSING CAPABILITY IS RESTRICTED AT 65 TO 75% DUE TO DHDS CAPACITY LIMITATION (SUPPLY OF ALL BS-II & E--III GRADES OF HSD W.E.F JAN-FEB05).
HS PROCESSING CAPABILITY CAN BE INCREASED TO 80 TO 85% LEVEL AFTER OHCU COMMISSIONING ALONGWITH INCREASED TPUT TO 7.5 MMTPA AND TOTAL HSD E-III & E-IV PRODUCTION FROM APR10.
LS crude % ->
LPG NHP MS1 MTO HSD JBC FO1 B65 SUL LO2 LO3 LO5 AP3 LA1 LA2 LA3
TOTAL CRUDE LPG Naphtha MS MTO/ATF/SKO HSD JBO Fuel Oil Bitumen SULFUR 150N API Grade 2 500N API Grade 2 70N API Grade 2 HN API Grade 1 150 N API Grade 1 500 N API Grade 1 BN API Grade 1 Total Lube Product
Refinery Fuel & Loss %
29.25 25.25 27.53 37.13 28.15 35.74 14.70 17.20 3.20 48.50 49.71 35.86 48.06 45.98 47.21 50.14
500.0 15.7 31.9 40.0 56.0 165.4 2.8 77.8 40.0 1.9 3.0 5.0 1.0 1.0 2.0 4.0 2.0 18.0
10.1
500.0 14.7 32.0 38.0 55.0 165.0 3.0 80.0 40.0 1.8 3.0 6.0 1.0 1.0 3.0 4.9 2.0 20.9
9.9
Refinery Input - MT/CD BASECASE BONNY LIGHT 24.24 70.0 labuan blend 28.12 70.0 Arab Mix 22.59 180.0 BASRAH LIGHT 22.19 180.0 TOTAL CRUDE 500.0 LO2 150N API Grade 2 48.50 3.0 LO3 500N API Grade 2 49.71 5.0 LO5 70N API Grade 2 35.86 1.0 AP3 HN API Grade 1 48.06 1.0 LA1 150 N API Grade 1 45.98 2.0 LA2 500 N API Grade 1 47.21 4.0 LA3 BN API Grade 1 50.14 2.0 Total Lube Product 18.0 Refinery Fuel & Loss % 10.1 Total 5000.0 GRM -18.82
case1 70.0 70.0 180.0 180.0 500.0 3.0 6.0 1.0 1.0 3.0 4.9 2.0 20.9 9.9 500.0 -14.68
Crude Oil Procurement, Refinery Tput, Market demand CO-Optimisation & IT role
Days
Rs / $
47.24 TMTPM % Rs Crores Rs/MT TMTPM % Rs Crores Rs/MT TMTPM % Rs Crores Rs/MT TMTPM % Rs Crores Rs/MT TMTPM % Rs Crores Rs/MT TMTPM Rs Crores Rs/MT $/bbl
5 Refineries Margins
Basecase Pur Free (500 TMT) + Term togethr for East+West 75.37 1066 50.4 204 1914 1386 80 410 2958 782 61 240 3069 430 3 38 884 711 55 131 1842 4375 1023 2338 6.78
Case-1 Case-2 Case-3 HSD Purchase = HSD Purchase = HSD Purchase = 400 TMT 300 TMT 200 TMT
75.06 1170 52.8 201 1718 1395 79 413 2961 797 61 241 3024 440 3 38 864 723 55 131 1812 4525 1024 2263 6.56
74.16 1233 49.8 190 1541 1395 79 409 2932 797 61 244 3061 473 3 42 888 744 55 136 1828 4642 1021 2199 6.38
72.74 1273 53.4 194 1524 1395 77 431 3090 806 60 248 3077 516 3 34 659 744 55 76 1022 4734 983 2076 6.02
THANK YOU
Kuwait
Libya 1.23
1.85
UAE
Iraq
2.01
2.65 ---
Venezuela
5. Venezuela
Angola
---
Source : OPEC