Moneycontrol PRO
HomeNewsBusinessIndia's crude oil output dips 0.6% in April

India's crude oil output dips 0.6% in April

Crude oil production stood at 2.95 million tonnes in the same month last year, according to a statement by Petroleum Ministry today.

May 23, 2017 / 15:34 IST
Representative image

Representative image

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

India's crude oil production fell 0.6 per cent to 2.93 million tonnes in April after Cairn India shut some 70-odd wells at its biggest oilfield in prolific Rajasthan block.

Crude oil production stood at 2.95 million tonnes in the same month last year, according to a statement by Petroleum Ministry today.

State-owned Oil and Natural Gas Corp (ONGC) output was up 2.5 per cent to 1.84 million tonnes but lower production by private sector firms dragged down the overall production.

Private/ joint venture fields produced 8.44 per cent less crude oil at 818,450 tonnes mainly because 70 wells on Mangala field of Cairn were shutdown for workover. Also, "few high water cut wells" were closed at Mangala while the reservoir at Bhagyam - the second biggest field in Rajasthan block, performed poor, the ministry statement said.

Natural gas production was 1.8 per cent higher at 2,532.73 million standard cubic meters (mmscm) after output at ONGC fields rose 9.7 per cent to 1,790.07 mmscm.

Oil refineries produced marginally lower fuel at 20 million tonnes. Public sector refiners output was almost flat but throughput at private sector refineries of Reliance Industries and Essar Oil was lower.

first published: May 23, 2017 03:29 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347