Cairn India reports 10% fall in oil and gas production in Q3FY17

17 Jan 2017

Cairn India has reported a 10.29% fall in oil and gas production (Gross operated) for the third quarter of fiscal 2016-17 at 16.73 million barrels of oil equivalent as compared to 18.65 million barrels of oil equivalent in the same quarter last year. The company’s production for the 9M FY17 also declined 6.91% to 52.71 million barrels of oil equivalent as compared to 56.62 million barrels of oil equivalent in the previous fiscal.

For Q3 FY17, average gross production across assets was resilient at 181,818 barrels of oil equivalent per day (boepd). As expected, the production was lower primarily due to planned maintenance shutdown in Rajasthan and natural decline in offshore assets.

Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of $10 billion.

Related Cairn India Ltd. (Amalgamated) Links:

Cairn India Share Price

285.40 0.00 (0.00%) Apr 25, 17:59
1 Year Price Chart
Peers
Company Name CMP
ONGC 78.60
Oil India 99.75
Aban Offshore 27.00
Deep Industries 80.60
Hind Oil Exploration 66.40
View more..
Sensex vs Cairn India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback