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Crude oil production grew 1.28 per cent in January 2017 over the corresponding period in the previous financial year.
According to data shared by the Ministry of Petroleum and Natural Gas, crude oil production in January 2017 stood at 3,075.41 TMT.
Crude oil production by ONGC during January 2017 was 1,916.25 TMT which was 5.07 per cent lower than the monthly target but 4.63 per cent higher when compared with January 2016.
The delay in deployment of MOPU-Sagar Samrat, delay in implementation of “Development of Western Periphery of MHS (ZC)” project, increase in water cut in matured fields of Western Offshore are the reasons for a shortfall in production.
Crude oil production by OIL during January 2017 was 5.26 per cent higher than that in January 2016. OIL produced 274.06 TMT of crude oil which was 14.83 per cent lower than the company's monthly target.
A shortfall in production was mainly due to less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari fields & Naharkatiya fields on account of rise in water cut and less than envisaged contribution from newly drilled wells.
Natural gas production during January 2016 was 2,738.37 MMSCM which was 10.19 per cent lower than the monthly target but was 11.89 per cent higher when compared with January 2016.
Natural gas production by ONGC during January 2017 was 1,922.15 MMSCM which was 5.80 per cent lower than the monthly target but 25.56 per cent higher when compared with January 2016.
The shortfall in production was mainly due to decline in reservoir pressure in Bassein field and less production from Daman & C-26 Cluster due to evacuation constraint as export lines to TCPP platform are not yet completed.
Natural gas production by OIL during January 2017 was 248.79 MMSCM which was 6.15 per cent higher than the monthly target and 1.25 per cent higher than January 2016.
Natural gas production by private and joint ventures during January 2017 was 567.43 MMSCM which was 26.71 per cent lower than the monthly target and 15.41 per cent lower when compared with January 2016.
The underperformance of wells in KG- OSN-2001/3, underperformance of Sohagpur West CBM block extended dewatering hampering production in Raniganj East CBM block, closure of 2 wells in D1D3 field in KG-DWN-98/3 among others are listed as reasons for a shortfall in production.
Refinery production during January 2017 was 21108.06 TMT which was 0.22 per cent higher than the target for the month but 1.52 per cent lower when compared with January 2016.
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