India's crude oil production falls in August 2021

Crude oil production by ONGC in the nomination blocks is less than the monthly target of Aug’21 (6.31%) as well as April – Aug’21 target (3.79%).

Sep 23, 2021 12:09 IST India Infoline News Service

According to the monthly production report released by the ministry of petroleum and natural gas on Wednesday stated that India’s crude oil production in August 2021 was 2518.56 TMT, which is 5.98% lower than target for the month and 2.29% lower when compared with production of August 2020.

Cumulative crude oil production during April-August, 2021 was 12480.21TMT, which is 3.33% and 3.15% lower than the target for the period and production during the corresponding period of last year respectively.

Unit-wise production details with reasons for the shortfall are as under:

Crude oil production by ONGC in the nomination blocks is less than the monthly target of Aug’21 (6.31%) as well as the April – Aug’21 target (3.79%). Also, it is less than actual production in the corresponding month and period of last year i.e. Aug’20 (3.83%) & Apr-Aug’20 (4.64%).

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-19 impact.
  • Consequential loss in oil production due to conditions created by cyclone Tauktae.
Crude oil aproduction by OIL in the nomination blocks is higher than actual production in corresponding month and period of last year i.e. Aug’20 (4.34%) & Apr-Aug’20 (0.74%).  However, it is less than monthly target of Aug’21 (3.33%) as well as April – Aug’21 target (1.91%). Reasons for shortfall in production as compared to target is as under:
  • Less than planned contribution from workover wells, drilling wells and old wells.
  • Crude oil production by Pvt/JVs companies in the PSC/RSC regime is less than monthly target of Aug’21 (6.15%) as well as April – Aug’21 target (2.69%). Also, it is less than actual production in corresponding month and period of last year i.e. Aug’20 (0.64%) & Apr-Aug’20 (0.64%).
  • Reasons for shortfall in production as compared to target is as under:
RAVVA (Cairn Energy India Ltd): Production shortfall is due to injectivity issues in few wells that caused the lower productivity.
RJ-ON-90/1 (Cairn Energy India Ltd): Production is lower due to downtime on account of well failures and Diesel Generator breakdown across fields. Also, delay in polymer start up led to lower productivity.

CB-ONN-2000/1 (GSPC): Not enough production from few wells due to reservoir issues and possible casing and sub-surface assembly damage. Also, minor shortfall wells on account of power failure has affected the production.
CB-ONN-2004/2 (ONGC): Two development wells could not be drilled as planned in Q1 FY2021-22. Also, a newly developed well is under performing, thus, affecting the production rate.

MB/OSDSF/B80/2016 (Hindustan Oil Exploration Company Ltd.): Delay in commencement of production.

Whereas, Natural gas production during August 2021 was 2923.94 MMSCM, which is 20.23% higher when compared with production of August 2020 but 10.14% lower than the monthly target. Cumulative natural gas production during April-August, 2021 was 13985.76 MMSCM, which is 19.94% higher than production during corresponding period of last year but 6.39% lower when compared with target for the period.
CPSE Refineries’ crude oil processed is higher than actual production in corresponding month and period of last year i.e. Aug’20 (13.59%) & Apr-Aug’20 (17.10%). However, it is less than monthly target of Aug’21 (10.2%) as well as April – Aug’21 target (10.36%).

Reasons for shortfall in production as compared to target areas under:
  • IOCL-Guwahati: Monthly Crude processed lower due to Crude Distillation Unit (CDU) stabilization delay.
  • IOCL-Barauni & Digboi: Monthly Crude processed lower due to deferment of M&I shutdown
  • IOCL-Gujarat, Mathura, Panipat: Monthly Crude processed lower due to lower product demand
  • IOCL-Paradip: Monthly Crude processed lower due to revamp shutdown.
  • BPCL-Kochi: Monthly Crude processed lower due to CDU-2 turnaround.
  • HPCL, Mumbai: Monthly Crude processed lower due to continued shutdown of one of 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 Refinery-III M&I shutdown. And lower demand due to COVID-19 lockdown.
  • MRPL-Mangalore: Monthly Crude processed lower due to secondary unit throughput.
  • JV refineries’ crude oil processed is higher than monthly target of Aug’21 (11.32%) as well as April – Aug’21 target (10.1%). Also, it is higher than actual production in corresponding month and period of last year i.e. Aug’20 (14.12%) & Apr-Aug’20 (34.4%).
  • Private refineries’ crude oil processed is higher than actual production in corresponding month and period of last year i.e. Aug’20 (15.04%) & Apr-Aug’20 (9.01%).

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