NEW DELHI: India’s crude oil production fell by 0.95 per cent year-on-year to 2,469.67 thousand metric tonnes (TMT) in April due to lower output from fields operated by private firms, government data showed on Tuesday. However, the crude oil production in April is 3.47 per cent higher than the target for the month.
Crude oil production by Oil and Natural Gas Corporation (ONGC) in nomination block during April was 1,650.65 TMT, which is 4.93 per cent higher than the target and 0.86 per cent higher than the production during April 2021, according to data released by the Ministry of Petroleum & Natural Gas.
Crude oil production by Oil India Ltd (OIL) in the nomination block during April was 251.46 TMT, which is 0.79 per cent lower than the target, but 3.59 per cent higher than the production during April 2020.
The reasons for shortfall in production included less than planned contribution from workover wells, drilling wells and old wells and bandhs/blockade by local people and associations, etc., after the Baghjan blowout, protests and agitation.
Crude oil production by private/joint venture companies in the PSC/RSC (Production Sharing Contract) regime during April 2022 was 567.57 TMT, which is 1.28 per cent higher than the target, but 7.55 per cent lower than the production during April 2021. (ANI)