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India’s gas production drops 15% at 3.36 bcm in September

26 Oct 2012 Evaluate

India’s natural gas production declined by about 15% in September at 3.36 billion cubic meters (bcm) in September, which was lower than 3.95 bcm achieved a year ago according to the latest data released by the Ministry of Petroleum. Output from Reliance Industries’ eastern offshore KG-D6 field continued to decline at 1.15 bcm lower by 34.3% - one of the major reasons for the downfall.

India’s crude oil production declined 1.7% to 3.06 million tonnes in September with ONGC reporting a 7.8% decline in Mumbai High output at 1.24 million tonnes. Mumbai High output was lower because of less than projected oil gain from development wells in addition to less than expected oil gain from Vasai East field.

During April-September, natural gas production was down 12.5% at 21.35 bcm while crude oil output was marginally lower at 19.08 million tonnes as compared to 19.22 million tonnes a year ago. However, India’s 20 refineries production were up 11.4% at 14.13 million tonnes from 12.68 million tonnes production in September a year ago. RIL and Essar refineries operated at 109.1% and 108% of their installed capacities. During April-September, refinery output was up 5.4% at 88.17 million tonnes.

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