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Business Economy


Crude oil production dips; natural gas prodn rose in Aug

New Delhi, Sep 24 (UNI) In August this year crude oil production was registered at 2908.12 TMT which is 3.70 per cent lower with corresponding period of last year.
Natural gas production on the other hand rose marginally by 0.59 per cent when compared with August 2017 at 2789.34 million standard cubic meters (mscm).
According to official figures, the crude oil production was pulled down by ONGC this year. ONGC’s oil production stood at 1.783 million tonne which is 6.06 per cent lower when compared with August last year. An official statement said that among other reasons, the shortfall was due to less than planned production from WO-16 and B-127 fields in the absence of mobile offshore production units at Sagar Samrat and Sagar Laxmi.
There was also a sub-sea leakage in some well fluid lines of Mumbai High & Neelam Heera Assets leading to flow restriction. The line replacement will commence post monsoon under PRP-V scheme, the statement added. Refinery production during August, 2018 stood at 21.438 million tonne which is 4.84 per cent higher when compared with August 2017.
Cumulative crude oil production during April-August, 2018 was 14611.53 TMT which is 3.55 pc lower than target for the period and 3.27 pc lower than production during corresponding period of last year.
Refinery production during August, 2018 was 21437.85 TMT which is 3.11 pc higher than the target for the month and 4.84 pc higher when compared with August, 2017, it stated.
UNI DJK ADG 1648
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