Crude oil production during August 2015 was 3193.067 TMT, representing a huge 1.44 % increase from the planned monthly target of 3148 TMT. The production during the month was 5.57% higher than the figure of 3024 TMT in August last year.
8The cumulative production during April-August 2015 was 15638.31 TMT, which was higher than the target by 1.72%. The targeted production for the cumulative period was 15368 TMT. Comparative production during the period reveals a 0.52 % increases over the 15557 TMT produced in the corresponding period of the last fiscal (2014-15).
8ONGC`s total crude oil production was lower by 0.26% than its monthly target aggregating to TMT, 1929.293 as against the planned 1934 TMT due to the closure of a few high GOR wells and less than planned production from Mumbai High. . The cumulative production for the April-August period was also less than its target with the company producing 9384.609 TMT of crude as against the targeted 9430 TMT.
8Oil India Limited (OIL) produced 276 TMT of crude during the month, which is behind its planned production (302 TMT) by 8.7%. During April-August, the company produced 1388 TMT, which was behind its target of 1470 TMT. Production was affected by the net realization from old wells is 97 % of planned target. The gap is mainly due to bandhs, blockades and flood because of continuous rainfall.
8Private/JV companies' production was higher by 8.42% in August 2015, at 987.12TMT as against the targeted 911 TMT. Production over the April-August period stood at 4866 TMT as against the target of 4468 TMT. Output had been higher still but for the underperformance of the MA wells in the D-6 block and a few on land wells due to sand ingress in existing producers of Kharsang field in Arunachal Pradesh.
8The cumulative production during April-August 2015 was 15638.31 TMT, which was higher than the target by 1.72%. The targeted production for the cumulative period was 15368 TMT. Comparative production during the period reveals a 0.52 % increases over the 15557 TMT produced in the corresponding period of the last fiscal (2014-15).
8ONGC`s total crude oil production was lower by 0.26% than its monthly target aggregating to TMT, 1929.293 as against the planned 1934 TMT due to the closure of a few high GOR wells and less than planned production from Mumbai High. . The cumulative production for the April-August period was also less than its target with the company producing 9384.609 TMT of crude as against the targeted 9430 TMT.
8Oil India Limited (OIL) produced 276 TMT of crude during the month, which is behind its planned production (302 TMT) by 8.7%. During April-August, the company produced 1388 TMT, which was behind its target of 1470 TMT. Production was affected by the net realization from old wells is 97 % of planned target. The gap is mainly due to bandhs, blockades and flood because of continuous rainfall.
8Private/JV companies' production was higher by 8.42% in August 2015, at 987.12TMT as against the targeted 911 TMT. Production over the April-August period stood at 4866 TMT as against the target of 4468 TMT. Output had been higher still but for the underperformance of the MA wells in the D-6 block and a few on land wells due to sand ingress in existing producers of Kharsang field in Arunachal Pradesh.
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