OIL & GAS

CAA protests in North East dent ONGC and Oil India’s Dec output

Oil and gas production by state-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) suffered a hit in December 2019 owing to the ongoing protests over Citizen Amendment Act apart from technical issues, fresh data published by the oil ministry’s statistical arm Petroleum Planning and Analysis Cell (PPAC) showed.

The country’s total crude oil production in December dropped 7.37 per cent to 2,651 Thousand Tonne (TMT), pushing import dependence to a historic high of 86.9 per cent in the month.

ONGC accounts for 65 per cent of the country’s domestic oil production. It recorded a marginal 1 per cent decline in oil production last month at 1,749 TMT. Cumulatively, in the April-December 2019 period, the company’s oil production declined 3.28 per cent to 15,387 TMT.

The company’s oil production from projects in Assam and Tripura declined 5.37 per cent to 81.23 TMT in December. Cumulative crude oil production from both the states declined 2.65 per cent to 733 TMT during the April-December 2019 period.

According to PPAC, the fall in the company’s oil output can be attributed to disruption in field activities in Assam due to protests, non-realization of production from WO-16 cluster due to unavailability of Mobile Offshore Production Unit (MOPU), increase in water cut in certain wells of Mumbai High, Heera, Neelam and B173-A fields and electrical submersible pump issues in wells of NBP field and Ratna R series field.

Similarly, Oil India witnessed its crude production dropping by a whopping 24 per cent to 208 TMT in December. Cumulative oil production of the company declined 6.43 per cent to 2,355 TMT during the April-December 2019 period. The ministry said the decline is mainly due to disruption in field activities in Assam due to protests.

Source
ET Energy World
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