OREANDA-NEWS. Production Performance of Oil & Natural Gas Sector for October, 2016

Crude Oil

1.            Crude oil production during October, 2016 was 3050.87 TMT which is 1.90% and 3.20% lower than target and production achieved in October, 2015 respectively. Cumulative crude oil production during April-October, 2016 was 21114.51 TMT which is 1.21% and 3.29% lower than target and production during corresponding period of last year respectively. Unit-wise and state-wise crude oil production is given at Annexure-I. 

Unit-wise production details with reasons for shortfall have been given in following sub-sections:

1.1   Crude oil production by ONGC during October, 2016 was 1872.31 TMT which is 1.38% lower than the monthly target and 1.94% less when compared with October, 2015. Cumulative crude oil production during April-October, 2016 was 12901.21 TMT which is 1.33% lower than target for the period and 1.89% lower than the production during corresponding period of last year. Shortfall in production was mainly due to less than planned production from matured and marginal fields.

1.1        Crude oil production by OIL during October, 2016 was 275.62 TMT which is 4.99% lower than monthly target but 3.64% higher than production in October 2015. Cumulative crude oil production during April-October, 2016 was 1880.40 TMT which is 1.50% lower than target for the period and 1.84% lower than the production during corresponding period of last year. The major reason for shortfall in production was less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari and Nahorkatiya fields primarily on account of rise in water cut.

1.2        Crude oil production by Pvt. /JVs during October 2016 was 902.94 TMT which is 1.99% lower than the monthly target and 7.53% lower than October, 2015. Cumulative crude oil production during April-October, 2016 was 6332.90 TMT which is 0.89 % lower than target for the period and 6.40% lower than the production during corresponding period of last year. Reasons for shortfall in production are as under:

v  High water cut in Bhagyam field & Natural Decline of Mangala wells of RJ-ON-90/1 and Process Shutdown at MPT on 3rd and 7th October in RJ-ON-90/1.

v  Natural Decline in Ravva & CB-OS/2.

v  Closure of 1 well in MA field in KG-DWN-98/3.

 

Natural Gas

2              Natural gas production during October, 2016 was 2755.13 MMSCM which is 5.35% lower than the target for the month and 1.43% lower than the production in October, 2015. Cumulative natural gas production during April-October, 2016 was 18478.66 MMSCM which is 3.94% lower than target for the period and 3.98% lower than the production during corresponding period of last year. Unit-wise and state-wise natural gas production is given at Annexure-II. 

2.1        Natural gas production by ONGC during October, 2016 was 1943.03 MMSCM which is 0.40% lower than the monthly target but 5.69% higher when compared with October, 2015. Cumulative natural gas production during April-October, 2016 was 12626.57 MMSCM which is 0.92% lower than the cumulative target and 0.39% lower than the production during the corresponding period of last year. Shortfall in production was mainly due to less than planned production from matured and marginal fields.

2.2        Natural gas production by OIL during October, 2016 was 245.78 MMSCM which is 3.95% lower than the monthly target and 3.36% lower than October, 2015. Cumulative natural gas production during April-October, 2016 was 1720.15 MMSCM which is 2.84% lower than the cumulative target but 7.62% higher than the production during the corresponding period of last year. Reasons for shortfall in production are as under:

v  Low production due to decline in production potential in a few high producing gas wells due to unexpected subsurface problems like water and sand ingress.

v  BVFCL – Namrup-II shutdown for 9 days for problem in NG Booster compressor and leakage in Primary Reformer Tubes and Namrup-II plant shutdown since 08.10.2016 due to breakdown of Process Air Compressor

v  NTPS - Due to unplanned intermittent shutdown of GT#2 and GT#4 for maintenance purpose.

2.3    Natural gas production by Pvt. /JVs during October, 2016 was 566.32 MMSCM which is 19.56% lower than the monthly target and 19.36% less when compared with October, 2015. Cumulative natural gas production during April-October, 2016 was 4131.94 MMSCM which is 12.51% lower than the cumulative target and 16.85% lower than the production during the corresponding period of last year. Reasons for shortfall in production are as under:

v  Closure of 1 well in MA and 1 well in D1D3 field in KG-DWN-98/3.

v  PC, PG & PF Platforms shutdown for different durations at Panna-Mukta, in response to leak in riser.

v  Increase in Water cut in few wells in RJ-ON/6.

v  Underperformance of Sohagpur West CBM blocks.

v  Natural Decline in Ravva.