India's July crude oil production drops by 3.2%

Cumulative crude oil production during April-July, 2021 was 9961.65 TMT, which is 2.64% and 3.37% lower than the target for the period and production during the corresponding period of last year respectively.

Aug 25, 2021 02:08 IST India Infoline News Service

India’s Crude oil production during July 2021 was 2548.78 TMT, which is 3.78% lower than target for the month and 3.22% lower when compared with production of July 2020.

Cumulative crude oil production during April-July, 2021 was 9961.65 TMT, which is 2.64% and 3.37% lower than target for the period and production during corresponding period of last year respectively.
Unit-wise production details with reasons for shortfall are as under:

1. Crude oil production by ONGC (Oil and Natural Gas Corporation) in nomination block during July 2021 was 1664.94 TMT, which is 3.81% lower than target of the month and 4.23% lower when compared with production of July 2020. Cumulative crude oil production by ONGC during April-July, 2021 was 6477.08 TMT, which is 3.12% and 4.85% lower than target for the period and production during corresponding period of last year respectively. Reasons for shortfall in production are as under:

• Less than anticipated production from WO-16 cluster due to delay in mobilization of MOPU Sagar Samrat.
• Less than anticipated production from Cluster-8 fields due to delay in inputs as installation of wellhead platforms delayed due to Covid impact.

2. Crude oil production by OIL (Oil India Ltd) in the nomination block during July 2021 was 253.30 TMT, which is 1.08% higher than the production of corresponding month of last year but 2.57% lower than target of the reporting month. Cumulative crude oil production by OIL during April-July, 2021 was 995.64 TMT, which is 1.54% and 0.14% lower than target for the period and production during corresponding period of last year respectively. Reasons for shortfall in production are as under:

• Less than planned contribution from workover wells, drilling wells and old wells.
• Bandhs /blockade by local people and associations after the Baghjan Blowout.

3. Crude oil production by Pvt/JVs companies in the PSC/RSC regime during July 2021 was 630.54 TMT, which is 4.17% lower than target of the month and 2.16% lower when compared with production of July 2020. Cumulative crude oil production by Pvt/JVs companies during April-July, 2021 was 2488.93 TMT, which is 1.79% and 0.64% lower than target for the period and production during corresponding period of last year respectively. Reasons for shortfall in production are as under:

• RAVVA (Cairn Energy India Ltd): Production shortfall is due to injectivity issues in wells RC-4ST and RC-11z, which has caused lower productivity from wells RD-3ST & RD-6ST.
• CB-ONN-2000/1 (GSPC): Few wells not producing due to possible casing damage, reservoir issues, possible damage in sub surface assembly. Also, Minor shortfall wells PK2#A1 & PK2#A2 due to power failure by UGVCL.
• CB-ONN-2004/2 (ONGC): Two development well in VD-3 discovery not drilled as per plan. The production rate of new development well Vadatal#22 is not as expected.
• MB/OSDSF/B80/2016 (Hindustan Oil Exploration Company Ltd.): Delay in commencement of production.

Production of Natural Gas

Natural gas production during July 2021 was 2891.96 MMSCM, which is 18.36% higher when compared with production of July 2020 but 10.19% lower than the monthly target. Cumulative natural gas production during April-July, 2021 was 11060.07 MMSCM, which is 19.85% higher than production during corresponding period of last year but 5.37% lower when compared with target for the period.

1. Natural gas production by ONGC in the nomination blocks during July 2021 was 1728.91 MMSCM, which is 13.12% lower than target for the month and 10.21% lower when compared with production of July 2020. Cumulative natural gas production by ONGC during April-July, 2021 was 6780.84 MMSCM, which is 10.70% and 6.81% lower than target for the period and production during corresponding period of last year respectively. Reasons for shortfall in production are as under:

• Less than anticipated production from WO-16 cluster due to delay in mobilization of MOPU Sagar Samrat.
• Less than planned production from Vasistha /S1 wells in EOA due to certain reservoir related issues.
• Delay in commencement of gas production from U1 field of KG-98/2 Cluster-II due to covid impact as manufacturing of subsea items and well completion delayed.
• Less offtake by consumers at Tripura, Rajahmundry & Cauvery.
• Less than envisaged production from Dahej & Gandhar field in Ankleshwar.

2. Natural gas production by OIL in the nomination block during July 2021 was 248.41 MMSCM, which is 22.35% higher than the production of July 2020 but 1.05% lower than the target for the month. Cumulative natural gas production by OIL during April-July, 2021 was 923.61 MMSCM, which is 8.33% higher than production during corresponding period of last year but 6.16% lower than target for the period.

Reasons for shortfall in production are as under:

• Low upliftment/demand of gas by the major customers.
• Bandhs /blockade by local people and associations after the Baghjan Blowout.

3. Natural gas production by Pvt/JVs companies in the PSC/RSC/CBM regime during July 2021 was 914.64 MMSCM, which is 190.61% higher than the production of July 2020 but 6.60% lower than the target for the month.

Cumulative natural gas production by Pvt/JVs during April-July, 2021 was 3355.63 MMSCM, which is 7.90% and 205.13% higher than target for the period and production during corresponding period of last year respectively. Increase in gas production is through contributions from D-34 field of KG DWN 98/3, which commenced from 18.12.2020, wells from satellite cluster (commenced w.e.f 25.4.2021).

CPSE Refineries’ crude oil processed during July 2021 was 10959.40 TMT, which 5.64% higher than the production of July 2020 but 14.44% lower than the target for the month. Cumulative crude throughput during April-July, 2021 was 42668.17 TMT which is 17.94% higher than corresponding period of last year but 10.40% lower than target for the period. Reasons for shortfall in production are as under:

• IOCL-Guwahati: Monthly Crude processed lower due to extended revamp shutdown
• IOCL-Barauni & Digboi: Monthly Crude processed lower due to deferment of M&I shutdown
• IOCL-Gujarat, Mathura: Monthly Crude processed lower due to lower product demand
• IOCL-Haldia: Monthly Crude processed lower due to CDU-I/II shutdown due to heavy rainfall and flooding insider refinery.
• IOCL-Paradip: Monthly Crude processed lower due to coke deposition in Vacuum Distillation column.
• BPCL-Kochi: Marginal shortfall in monthly crude processed lower due to the Crude mix available and CDU 2 unit shutdown hence entire processing through CDU 3.
• HPCL, Mumbai: Monthly Crude processed lower due to continued shutdown of one of the the crude processing unit. Most of the other units are also under planned shutdown for revamp jobs.
• HPCL, Viskah: Monthly Crude processed lower due to continued shutdown of one of the primary crude processing unit
• CPCL-Manali: Monthly Crude processed lower due to lower demand due to covid -19 lockdown.
• MRPL-Mangalore: Monthly Crude processed lower due to lower demand due to covid -19 lockdown.

Related Story

Open Free Demat Account (Rs699)