Help Desk -
9717405332, 9599714297, 9810335381

India’s crude oil production fell 4.3pct in December 2018

Gasoil News - Published on Mon, 11 Feb 2019

Image Source:
Oil India Ltd and private operators, data released by Oil Ministry showed India’s crude oil production in December 2018 fell 4.3 per cent to 2,862 thousand tonne mainly due to reduced production from fields operated by Oil and Natural Gas Corporation. In the April-December 2018 period oil output declined 3.7 per cent to 25,938 TMT. Declining oil production has increased import dependence during the nine month period ended December to 83.4 per cent as compared to 82.8 per cent in the corresponding period of 2017.

Production by ONGC in December 2018 declined 5.42 per cent to 1,761 TMT mainly due to decreased production from offshore fields. For the April-December 2018 period, output by the largest producer dropped 5.58 per cent to 15,908 TMT due to decreased production from western offshore fields, data showed.

According to the ministry, the primary reasons for shortfall in ONGC’s oil production is loss from W-16 and B-127 fields in the absence of Mobile Offshore Production Units (MOPU) Sagar Samrat and Sagar Laxmi, problems in Electric Submersible Pump (ESP) in the wells of NBP field, sub-sea leakage in well fluid lines of Mumbai High and Neelam Heera Asset leading to flow restriction.

Oil India
Oil India, the second government-owned oil and gas explorer, witnessed a production decline of 4.66 per cent to 274.96 TMT in December. This was mainly due to decreased production from Assam fields.

Cumulatively, for the April-December 2018 period, OIL's production decreased 1.27 per cent to 2,517 TMT. According to the ministry, a major reason for Oil India’s lower production is lower than planned contribution from work over wells and drilling wells.

Source :

Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
Related News from Gasoil segment