Production
As of 2004, it supplied 14% of India's oil requirement and accounted for about 38% of all domestic production.
On 27 July 2005, a major fire destroyed the production platform, leaving at least 11 people dead despite rescue measures taken by the Indian Coast Guard. The platform accounted for 110,000 barrels per day (17,000 m3/d), or 15% of India's oil production. Rebuilding this is expected to take upwards of 4 months and estimated to cost around Rs. 1200 crore or US$300 million.
Crude oil produced from Bombay High is of very good quality as compared to crudes produced in middle east. Bombay High crude has more than 60% paraffinic content while light Arabian crude has only 25% paraffin.
In November 2009, output of Bombay High fields, that accounts for half of the India's domestic oil production, fell 5.3% to 347,197 barrels per day (55,199.9 m3/d).
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Famous quotes containing the word production:
“By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.”
—Friedrich Engels (1820–1895)
“The problem of culture is seldom grasped correctly. The goal of a culture is not the greatest possible happiness of a people, nor is it the unhindered development of all their talents; instead, culture shows itself in the correct proportion of these developments. Its aim points beyond earthly happiness: the production of great works is the aim of culture.”
—Friedrich Nietzsche (1844–1900)
“Constant revolutionizing of production ... distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses, his real conditions of life, and his relations with his kind.”
—Karl Marx (1818–1883)