Production Performance of Oil & Natural Gas Sector for Jan 2016

By | February 23, 2016
(Last Updated On: February 23, 2016)

Production Performance of Oil & Natural Gas Sector for the month of January, 2016  

  1. Crude Oil Production

1.1       Indigenous crude oil production (including condensate) during January, 2016 was 3037.537 TMT which is 4.34% lower than the target for the month and 4.64% lower than the production during corresponding period of last year. Cumulative crude oil production during April, 2015-January, 2016 was 30990.961 TMT which is 0.52% higher than target for the period and 1.17% lower than the production during corresponding period of last year. Unit-wise and state-wise crude oil production is given at Annexure-I. Unit-wise crude oil production (including condensate) for the month of January, 2016 and cumulatively for the period April, 2015-January, 2016 vis-à-vis same period of last year has been shown in Table-1.1 and month-wise in Figure-1.1

 Table 1.1: Crude Oil Production (TMT)

Oil CompanyTargetJanuary (Month)April-January (Cumulative)
2015-16 (Apr-Mar)2015-162014-15% over last year2015-162014-15% over last year
TargetProd.Prod.TargetProd.Prod.
ONGC22732.001953.291832.291885.7797.1618888.0518717.1518609.04100.58
OIL3595.00312.36260.36288.6790.192985.742710.972867.4394.54
PSC Fields10718.74909.76944.881011.0093.468957.919562.849882.8696.76
Total37045.743175.413037.543185.4495.3630831.7030990.9631359.3298.83

 

 

 

 

  Figure-1: Monthly Crude Oil Production

 

 

1.2       ONGC’s crude oil production during January, 2016 was 1832.293 TMT which is 6.19% lower than the target for the month and 2.84% lower than the production achieved in the corresponding month of last year. ONGC’s cumulative production during April, 2015-January, 2016 was 18717.153 TMT which is 0.90% lower than the cumulative target and 0.58% higher than the production during the corresponding period of last year. The shortfall in ONGC’s production was due to following reason:

Ø  Gujarat, Mehsana: Less Air injection in Santhal field, increasing water cut in down dip wells of N Kadi field, increase in water cut, increase in sick wells & power shut down.

Ø  Gujarat, Ahmedabad: Delayed / less gain from Gamij Field. Power shutdown, lift optimization.

Ø  Assam: Low Gas injection pressure, power shut down & closure of wells for rig-less jobs.

Ø  Tamilnadu, Karaikal: Less than anticipated production from Madanam field & closure of wells due to less / nil off-take by consumers.

Ø  Mumbai High: Delay in commencement of production from B127 cluster. Less production from Cluster-7 & WO-16 cluster.

Ø  Condensate: Less condensate from Hazira Plant due to less gas receipt in view of less gas production from B & S Asset mainly because of BPA shutdown.

1.3          OIL’s crude oil production during January, 2016 was 260.361 TMT which is 16.65% lower than the target for the month and 9.81% lower than the production achieved in the corresponding month of last year. OIL’s cumulative production during April, 2015-January, 2016 was 2710.973 TMT which is 9.20% lower than the cumulative target and 5.46% lower than the production during the corresponding period of last year. Reasons for shortfall in production are given below:

Ø  Rise in water cut in wells of Shalmari, Greater Chandmari and Greater Hapjan Fields.

Ø  Permanent loss at Makum & Hapjan OCS.

Ø  Major loss of production at Makum, Hapjan, Haveda and TX due to OIL blockade by All   Moran Student Union, Makum Regional Committee on 27.01.2016.

Ø  Miscreant activities in no. of wells affected gas lift operation leading to crude oil production loss.

Ø  Less than planned contribution from workover & new wells

1.4       Pvt. /JVs’ crude oil production during January, 2016 was 944.883 TMT which is 3.86% higher than the target for the month and 6.54% lower than production of corresponding month of last year. Pvt./JVs’ cumulative production during April, 2015-January, 2016 was 9562.835 TMT which is 6.75% higher than the cumulative target and 3.24% lower than the production during the corresponding period of last year. Reasons for shortfall in production are given below:

Ø  Cairn: Natural Decline in Ravva, Mangala & Underperformance of Bhagyam wells in RJ-ON-90/1

Ø  RIL: Under performance of wells of KG D6 due to sand ingress and water loading.

Ø  GSPC: Well Completion Issues in KG-OSN-2001/3

Ø  Other: Due to Sand Ingression, High W/C and fish in few wells of Kharsang.  Panna-Mukta carried out its planned shutdown for riser repair in April- May-15 and Gas Evacuation constraint in July’15 due to repair of 42” SB – HAZIRA ONGC Line. S/Dn in Dec-15 due to PPA riser issue. 

  1. Natural Gas Production

2.1       Natural Gas Production during January, 2016 was 2447.383 MMSCM which is 19.13% lower than the target for the month and 15.26% lower than the production during corresponding period of last year. Cumulative natural gas production during April, 2015-January, 2016 was 27144.548 MMSCM which is 7.64% lower than the target for the period and 4.03% lower than the production during corresponding period of last year. Unit-wise and state-wise natural gas production is given at Annexure-II. Unit-wise natural gas production for the month of January, 2016 and cumulatively for the period April, 2015-January, 2016 vis-à-vis same period of last year has been shown in Table-2.1 and month-wise in Figure-2.1.  

  Table 2.1: Natural Gas Production (MMSCM)

Oil CompanyTargetJanuary (Month)April-January (Cumulative)
2015-16 (Apr-Mar)2015-162014-15% over last year2015-162014-15% over last year
TargetProd.Prod.TargetProd.Prod.
ONGC23908.002077.921530.861898.2080.6519861.4317803.0118495.3996.26
OIL3009.97248.79245.72229.55107.042519.572365.782287.85103.41
PSC Fields8361.91699.55670.80760.5388.207007.946975.767502.4392.98
Total35279.883026.262447.382888.2884.7429388.9327144.5528285.6695.97

 Figure-2.1: Monthly Natural Gas Production

2.2       ONGC’s natural gas production during January, 2016 was 1530.864 MMSCM which is 26.33% lower than the target for the month and 19.35% lower than the production achieved in the corresponding month of last year. ONGC’s cumulative natural gas production during April, 2015-January, 2016 was 17803.007 MMSCM which is 10.36% lower than the cumulative target and 3.74% lower than the production during the corresponding period of last year. Reasons for the shortfall are given below:

v  Eastern Offshore: Delay in commencement of production from one deep water well (S2AB) planned in Eastern offshore from June’15 and restricted withdrawal by GAIL.

v  Bassein & Satellite: Shutdown taken at BPA installation for carrying out reconstruction activities under on-going “Reconstruction of BPA & BPB Platforms” Project. Maintenance of one Booster compressor at BCPB2 installation since 13.12.15 (Overhauled and put in operation from 21.01.16).

v  Gujarat: Closure of wells due to unplanned shut down of GAIL Gas line from Ahmedabad/Kalol to Ramol. Decline in associated gas production in South Kadi & Gamij fields

v  Andhra Pradesh: Closure of 42 wells as GAIL pipelines in Tatipaka-Lanco & Endamaru-Oduru sections are still under repair.

v  Tamilnadu: Closure of wells on account of less/ nil off-take by consumers in Ramnad area.

v  Assam: Decline in associated gas production in Geleki & Lakwa fields.

v  Tripura: Less off take due to stoppage of 2nd unit of OTPC.

2.3       OIL’s natural gas production during January, 2016 was 245.717 MMSCM which is 1.24% lower than the target for the month and 7.04% higher than the production achieved in the corresponding month of last year. OIL’s cumulative natural gas production during April, 2015-January, 2016 was 2365.778 MMSCM which is 6.10% lower than the cumulative target and 3.41% higher than the production during the corresponding period of last year. Reasons for the shortfall are given below:

v  Shortfall in production of natural gas is mainly due to low upliftment by the consumers like BCPL, NTPS, and NRL etc.

2.4       Pvt. /JVs’ natural gas production during January, 2016 was 670.802 MMSCM which is 4.11% lower than the target for the month and 11.80% lower than the production achieved in the corresponding month of last year. Pvt. /JV’s cumulative natural gas production during April, 2015-January, 2016 was 6975.763 MMSCM which is 0.46% lower than the cumulative target and 7.02% lower than the production during the corresponding period of last year. Reasons for the shortfall are given below:

Ø  RIL (KG-D6): Under performance of wells of KG D6 due to sand ingress and water loading.

Ø  GSPC: Well completion issues in KG-OSN-2001/3

Ø  Cairn: CB-OS/2: Non-associated gas producing well LB-7 watered out prematurely

Ø  Other operators: Natural Decline in Gas production of Ravva, Panna-Mukta, PY-1 and Hazira. Panna-Mukta carried out its planned shutdown for riser repair in April- May-15 and Gas Evacuation constraint in July’15 due to repair of 42” SB – HAZIRA ONGC line, shutdown in Dec-15 due to PPA riser issue.

Ø  CBM: Extended dewatering in Raniganj South (GEECL), Delayed forest clearance in Raniganj East (Essar). 

  1. Refinery Production (in terms of Crude oil processed):

3.1       Refinery production during January, 2016 was 20624.000 TMT which is 4.36% higher than the target for the month and 4.84% higher than the production during corresponding period of last year. Cumulative production during April, 2015-January, 2016 was 191334.665 TMT which is 2.32% higher than the target for the period and 2.67% higher than the production during corresponding period of last year. Unit-wise production is given at Annexure-III. Unit-wise production for the month of January, 2016 and cumulatively for the period April, 2015-January, 2016 vis-à-vis same period of last year has been shown in Table-3.1 and month-wise in Figure-3.1.

   Table 3.1: Refinery Production (TMT)

Oil CompanyTargetJanuary (Month)April-January (Cumulative)
2015-16 (Apr-Mar)2015-162014-15% over last year2015-162014-15% over last year
TargetActualActualTargetActualActual
IOCL54999.994812.864885.214620.40105.7345720.8246558.7344701.65104.15
BPCL23197.002020.002061.902077.0399.2719387.0019993.2219213.10104.06
HPCL16199.881438.041605.631539.47104.3013416.7314140.2413265.78106.59
CPCL10800.10948.46951.05945.14100.638965.767762.499010.6886.15
NRL2700.00242.00233.93223.94104.462237.002081.112376.4987.57
MRPL15250.001500.001557.271354.58114.9612500.0012671.5311952.33106.02
ONGC60.885.356.773.25208.5150.4652.4742.18124.40
BORL5200.00500.00601.41577.58104.134200.005261.665221.86100.76
HMEL9000.00762.30817.90719.35113.707524.599077.155861.68154.86
RIL68041.555843.206121.405843.20104.7657575.3058076.6357575.30100.87
EOL18792.761690.901781.541768.41100.7415410.9615659.4417139.0491.37
TOTAL224242.1619763.1020624.0019672.35104.84186988.62191334.66186360.10102.67

 

Figure 3.1: Monthly Refinery Production (TMT)

3.2       PSU Refineries’ production during January, 2016 was 11301.753 TMT which is 3.06% higher than the target for the month and 5.00% higher than the production achieved in the corresponding month of last year. Cumulative production of PSUs during April, 2015-January, 2016 was 103259.785 TMT which is 0.96% higher than the cumulative target and 2.68% higher than the production during the corresponding period of last year. Reasons for shortfalls in PSU refineries are given below:

v  IOCL, Gujarat: Throughput is restricted due deferment of CCRU S/D from Aug-15 to Jan-16 and lower North Gujarat Crude receipt.

v  IOCL, Digboi: Throughput is restricted due to lower Assam crude availability.

v  IOCL, Guwahati: Throughput is lower due to planned shutdown.

v  CPCL, Manali: Crude throughput was lower due to VGO containment.

v  NRL, Numaligarh: Lower receipt of Crude from OIL.

3.3       Production in JV refineries during January, 2016 was 1419.310 TMT which is 12.44% higher than the target for the month and 9.44% higher than the production achieved in the corresponding month of last year. Cumulative production in JV refineries during April, 2015-January, 2016 was 14338.814 TMT which is 22.30% higher than the cumulative target and 29.37% higher than the production during the corresponding period of last year.

3.4       Production in private refineries during January, 2016 was 7902.937 TMT which is 4.90% higher than the target for the month and 3.83% higher than the production achieved in the corresponding month of last year. Cumulative production in private refineries during April, 2015-January, 2016 was 73736.066 TMT which is 1.03% higher than the cumulative target and 1.31% lower than the production during the corresponding period of last year.

3.5       Refinery-wise details of the capacity utilization and Production of petroleum products during the month of January, 2016 and cumulatively for the period April, 2015-January, 2016 vis-à-vis April, 2014-January, 2015 are given at Annexures-IV and V respectively.

Click here to see Annexure-I

Click here to see Annexure-II

Click here to see Annexure-III

Click here to see Annexure-IV

Click here to see Annexure-V

Source Ministry of Petroleum & Natural Gas 23-February, 2016

Category: News

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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