Global Crude oil price of Indian Basket was US$ 32.61 per bbl on 21.12.2015



Global Crude oil price of Indian Basket was US$ 32.61 per bbl on 21.12.2015 
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 32.61 per barrel (bbl) on 21.12.2015. This was lower than the price of US$ 33.62 per bbl on previous publishing day of 18.12.2015.

In rupee terms, the price of Indian Basket decreased to Rs 2162.73 per bbl on 21.12.2015 as compared to Rs 2232.85 per bbl on 18.12.2015. Rupee closed stronger at Rs 66.32 per US$ on 21.12.2015 as against Rs 66.42 per US$ on 18.12.2015. The table below gives details in this regard:

Particulars
Unit
Price on December 21, 2015(Previous trading day i.e. 18.12.2015)
Pricing Fortnight for 16.12.2015
(Nov 27 to Dec 11, 2015)
Crude Oil (Indian Basket)
($/bbl)
32.61             (33.62)
39.02
(Rs/bbl
2162.73         (2232.85)
2603.80
Exchange Rate
(Rs/$)
66.32             (66.42)
66.73

Daily Crude Oil Price- 22.12.2015    

*****************
Production Performance of Oil & Natural Gas Sector for the month of November, 2015 
1.         Crude Oil Production
1.1       Indigenous crude oil production (including condensate) during November, 2015 was 3039.518 TMT which is 0.55% higher than the target for the month and 3.30% lower than the production during corresponding period of last year. Cumulative crude oil production during April-November, 2015 was 24870.855 TMT which is 1.37% higher than target for the period and 0.37% 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 November, 2015 and cumulatively for the period April-November, 2015 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 Company
Target
November (Month)
April-November (Cumulative)
2015-16 (Apr-Mar)
2015-16
2014-15
% over last year
2015-16
2014-15
% over last year
Target
Prod.
Prod.
Target
Prod.
Prod.
ONGC
22732
1846
1838
1862
98.72
15030
14988
14829
101.08
OIL
3595
296
265
285
92.82
2365
2180
2290
95.20
PSC Fields
10719
880
937
996
94.03
7138
7702
7844
98.20
Total
37046
3023
3040
3143
96.70
24534
24871
24963
99.63


  Figure-1: Monthly Crude Oil Production


1.2       ONGC’s crude oil production during November, 2015 was 1837.993 TMT which is 0.45% lower than the target for the month and 1.28% lower than the production achieved in the corresponding month of last year. ONGC’s cumulative production during April-November, 2015 was 14988.178 TMT which is 0.28% lower than the cumulative target and 1.08% 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, power shut down, ceasure of high potential wells of Nandasan field & de-optimization of gas lift.
Ø  Gujarat, Ahmedabad: Poor influx, ceasure of wells, increase in water cut, power shutdown & delayed / less gain from Gamij Field.
Ø  Gujarat, Cambay: Less than envisaged production from Nadiad and Vadatal.
Ø  Assam: Low Gas injection pressure, power shutdown & poor influx.
Ø  Tamilnadu, Karaikal: Less than anticipated production from Madanam field.
Ø  Offshore: Less production from Cluster-7 & WO-16 in Mumbai high. Less gas / condensate receipt from offshore.

1.3       OIL’s crude oil production during November 2015 was 264.878 TMT which is 10.56% lower than the target for the month and 7.18% lower than the production achieved in the corresponding month of last year. OIL’s cumulative production during April-November, 2015 was 2180.488 TMT which is 7.80% lower than the cumulative target and 4.80% 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 Greater Chandmari and Greater Hapjan Fields
Ø  Permanent loss at Makum & Hapjan OCS after re-opening of wells
Ø  Loss in 3 days production during Bandhs
Ø  Less than planned contribution from workover & new wells.

1.4       Pvt. /JVs’ crude oil production during November, 2015 was 936.647 TMT which is 6.39% higher than the target for the month and 5.97% lower than production of corresponding month of last year. Pvt./JVs’ cumulative production during April-November, 2015 was 7702.189 TMT which is 7.90% higher than the cumulative target and 1.80% 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 and underperformance of Bhagyam wells in RJ-ON-90/1
Ø  RIL: Under performance of wells in KG-D6
Ø  JV of ONGC,BG&RIL: Natural decline in Panna Mukta
Ø  GEOENPRO: Sand ingress in Kharsang



2.         Natural Gas Production 
2.1       Natural Gas Production during November, 2015 was 2716.200 MMSCM which is 7.27% lower than the target for the month and 3.92% lower than the production during corresponding period of last year. Cumulative natural gas production during April-November, 2015 was 21960.009 MMSCM which is 5.93% lower than the target for the period and 2.33 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 November, 2015 and cumulatively for the period April-November, 2015 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 Company
Target
November (Month)
April-November (Cumulative)
2015-16 (Apr-Mar)
2015-16
2014-15
% over last year
2015-16
2014-15
% over last year
Target
Prod.
Prod.
Target
Prod.
Prod.
ONGC
23908
1995
1777
1846
96.24
15725
14453
14699
98.33
OIL
3010
257
256
233
109.50
2012
1854
1826
101.52
PSC Fields
8362
677
684
747
91.52
5609
5653
5957
94.89
Total
35280
2929
2716
2827
96.08
23345
21960
22483
97.67

Figure-2.1: Monthly Natural Gas Production

2.2       ONGC’s natural gas production during November, 2015 was 1776.830 MMSCM which is 10.93% lower than the target for the month and 3.76% lower than the production achieved in the corresponding month of last year. ONGC’s cumulative natural gas production during April-November, 2015 was 14453.152 MMSCM which is 8.09% lower than the cumulative target and 1.67% 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. Closure of both the deep water wells of G1 field (G1-10 & 11) due to problem with the sub-sea Master Control system. Production resumed from both the wells in end November/ beginning December, 2015.
v  Offshore, Bassein & Satelite: Less production from new well/side-track wells and decline in Bassein  fields
v  Gujarat, Ahmedabad: 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 & Gamji fields
v  Andhra Pradesh, Rajahmundry: Closure of 42 wells due to repair of GAIL pipelines in Tatipaka-Lanco & Endamaru-Oduru sections.
v  Assam: Decline in associated gas production in Geleki & Lakwa fields
v  Tripura: Less off take by consumers due to operational issues.
v  Tamilnadu, Cauvery: Closure of wells due to less off-take by consumers in Ramnad area in Karaikal.
2.3       OIL’s natural gas production during November, 2015 was 255.660 MMSCM which is 0.70% lower than the target for the month and 9.50% higher than the production achieved in the corresponding month of last year. OIL’s cumulative natural gas production during April-November, 2015 was 1853.959 MMSCM which is 7.83% lower than the cumulative target and 1.52% higher than the production during the corresponding period of last year. Reasons for the shortfall are given below:
Ø  Shortfall is mainly due to low uplifitment by Lakwa Thermal Power Station and Brahmaputra Crackers & Polymers Limited.
Ø  Issues related to land acquisition delayed movement of rigs to proposed forward locations.
Ø    In KG Basin, the drilling of 1st HPHT well could not start due to resistance by local villagers on Rig movement over Vivekananda Bridge. However, with OIL’s continuous efforts and liaison with Local and Govt Authority, rig movement has started on 31.10.2015.
Ø  The areas planned for seismic survey during the year 2015-16 in Assam and AP are mostly in very low lying catchment areas of river Brahmaputra which were flooded from April to June, 2015 due to early onset of monsoon in the area. The post monsoon operation will start from mid-December, 2015 as the water level in the area has receded now.

2.4       Pvt. /JVs’ natural gas production during November, 2015 was 683.710 MMSCM which is 0.99% higher than the target for the month and 8.48% lower than the production achieved in the corresponding month of last year. Pvt. /JV’s cumulative natural gas production during April-November, 2015 was 5652.898 MMSCM which is 0.79% higher than the cumulative target and 5.11% lower than the production during the corresponding period of last year. Reasons for the shortfall are given below:
Ø  RIL (KG-D6): Underperformance of MA wells.
Ø  JV of BG, RIL & ONGC (M&S Tapti): Operator proposed for field abandonment.
Ø  Cairn(CB-OS/2 & Ravva): Decline in gas production
Ø  GSPC(KG-OSN-2001/3): Decline in gas production
Ø  CBM: Extended dewatering in Raniganj South (GEECL), Delayed forest clearance in Raniganj East (Essar).

3.         Refinery Production (in terms of Crude oil processed):
3.1       Refinery production during November, 2015 was 19695.118 TMT which is 5.26% higher than the target for the month and 2.53% higher than the production during corresponding period of last year. Cumulative production during April-November, 2015 was 150564.255 TMT which is 1.84% higher than the target for the period and 2.45% 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 November, 2015 and cumulatively for the period April-November, 2015 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 Company
Target
November (Month)
April-November (Cumulative)
2015-16 (Apr-Mar)
2015-16
2014-15
% over last year
2015-16
2014-15
% over last year
Target
Actual
Actual
Target
Actual
Actual
IOCL
55000
4672
4799
4539
105.75
36128
36756
35471
103.62
BPCL
23197
1790
2024
1989
101.72
15527
15846
15317
103.46
HPCL
16200
1392
1481
1406
105.36
10541
10969
10227
107.26
CPCL
10800
918
741
894
82.97
7069
6291
7108
88.50
NRL
2700
235
219
226
96.65
1753
1618
1926
84.01
MRPL
15250
1350
1276
1252
101.96
9500
9591
9167
104.63
ONGC
61
5
7
5
130.51
42
39
34
114.25
BORL
5200
500
501
595
84.17
3200
4159
4056
102.52
HMEL
9000
738
908
901
100.79
6000
7324
4278
171.20
RIL
68042
5708
6045
5708
105.91
45767
45874
45767
100.24
EOL
18793
1404
1694
1695
99.96
12316
12097
13612
88.88
TOTAL
224242
18711
19695
19209
102.53
147843
150564
146962
102.45

Figure 3.1: Monthly Refinery Production (TMT)
3.2       PSU Refineries’ production during November, 2015 was 10547.210 TMT which is 1.79% higher than the target for the month and 2.30% higher than the production achieved in the corresponding month of last year. Cumulative production of PSUs during April-November, 2015 was 81109.442 TMT which is 0.68% higher than the cumulative target and 2.35% higher than the production during the corresponding period of last year. Reasons for shortfalls in PSU refineries are given below:
v  IOCL, Guwahati & Digboi: Throughput restricted due to lower Assam crude availability 
v  IOCL, Bongaigaon: Shifting of planned shutdown from Oct'15 to Nov'15.
v  CPCL, Manali: Production lower due to vacuum gas oil  (VGO) containment as only one Make up Gas (MUG) compressor  is in operation in Hydrocracker Unit.
v  MRPL, Mangalore: Throughput reduced due to CDU1 emergency shut down on 12.11.2015 due to Vaccum Heater coil leak. Unit started back on 19.11.2015
v  NRL, Numaligarh: Lower throughput due to lower availability of Assam crude
3.3       Production in JV refineries during November, 2015 was 1409.141 TMT which is 13.85% higher than the target for the month and 5.82% lower than the production achieved in the corresponding month of last year. Cumulative production in JV refineries during April-November, 2015 was 11482.950 TMT which is 24.81% higher than the cumulative target and 37.78% higher than the production during the corresponding period of last year. Reasons for shortfalls in PSU refineries are given below:
v  BORL, Bina: Planned shutdown of Hydrogen unit for catalyst replacement.

3.4       Production in private refineries during November, 2015 was 7738.766 TMT which is 8.82% lower than the target for the month and 4.55% lower than the production achieved in the corresponding month of last year. Cumulative production in private refineries during April-November, 2015 was 57971.862 TMT which is 0.19% lower than the cumulative target and 2.37% 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 November, 2015 and cumulatively for the period April-November, 2015 vis-à-vis April-November,2014 are given at Annexures-IV and V respectively.




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