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India: Crude oil production dips while gas flatlined in August

Crude oil production during August 2018 stood 3.70 per cent lower than crude production during August 2017. An official statement said oil production stood at 2.908 million tonne during August 2018. Natural gas production on the other hand rose marginally by 0.59 per cent when compared with August 2017 at 2789.34 million standard cubic meters (mscm).

The crude oil production was pulled down by ONGC this year. ONGC’s oil production stood at 1.783 million tonne which is 6.06 per cent lower when compared with August last year. An official statement said that among other reasons, the shortfall was due to less than planned production from WO-16 and B-127 fields in the absence of mobile offshore production units at Sagar Samrat and Sagar Laxmi.

There was also a sub-sea leakage in some well fluid lines of Mumbai High & Neelam Heera Assets leading to flow restriction. The line replacement will commence post monsoon under PRP-V scheme, the statement added. Refinery production during August, 2018 stood at 21.438 million tonne which is 4.84 per cent higher when compared with August 2017.
Source: TheHindu BusinessLine

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