ONGC records 5% decline in production
State-run Oil and Natural Gas Corporation's (ONGC) standalone crude oil production in the month of April went down by 5 percent to settle at 1,691 TMT, as compared to 1,777 TMT produced in the corresponding month last year. The oil producer saw a decline in overall output as oil production fell from fields in Andhra Pradesh, Assam and Western offshore.
Oil India's output goes down by 3.32%
The country's second-largest oil and gas producer, Oil India Ltd (OIL) witnessed a 3.32 percent decline in oil output at 265 TMT in April 2019, as compared to 274.33 TMT produced in the corresponding month a year ago. The overall oil production fell primarily due to reduced yields from fields located in Assam.
Private sector and joint ventures record 12% drop
Crude oil output from PSC fields, on the other hand, went down by 12 percent to settle at 756 TMT in April as opposed to 863 TMT produced in the corresponding month a year ago. The ministry attributed the decline in production to reduced yield from almost all PSC fields, including Arunachal Pradesh, Gujarat, Rajasthan, Eastern offshore and Western offshore.
Other reasons for reduction in output
According to the oil ministry, output from PSC fields fell due to crude oil loss from Cairn Oil and Gas' Mangala field due to delay in upgradation of Mangala Processing Terminal (MPT). Other reasons for the decline in production can be attributed to delay in drilling, completion, and hooking up online of 45 infill wells by Cairn Oil and Gas and also because of closure of about 100 oil wells due to various reasons such as liquid handling constraint at MPT plant, pump failure, and surface facility limitations, the ministry said.
