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Production Performance of Oil & Natural Gas Sector for May, 2016



Production Performance of Oil & Natural Gas Sector for May, 2016
Crude Oil
1.      Crude oil production[1] during May 2016 was 3078.31 TMT which is 0.96% higher than target but 3.34 % lower than the production achieved in May 2015. Cumulative crude oil production during April-May, 2016 was 6035.38 TMT which is 0.42% higher than target for the period and 2.81% 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 for the month of May, 2016 and cumulatively for the period April-May, 2016 vis-à-vis same period of last year has been shown in Table-1 and month-wise in Figure-1.


Table-1: Crude Oil Production                                                                              (in TMT)
Oil Company
Target
May (Month)
April-May (Cumulative)
2016-17 (Apr-Mar) *
2016-17*
2015-16
% over last year
2016-17
2015-16
% over last year
Target
Prod.
Prod.
Target
Prod.
Prod.
ONGC
22393.40
1857.45
1888.30
1905.15
99.12
3654.51
3690.06
3720.49
99.18
OIL
3280.10
267.50
271.40
284.99
95.23
527.80
532.81
565.70
94.19
PSC Fields
10839.32
924.19
918.61
994.38
92.38
1827.78
1812.51
1923.72
94.22
Total
36512.83
3049.14
3078.31
3184.52
96.66
6010.08
6035.38
6209.91
97.19
            *:Provisional


Figure-1: Monthly Crude Oil Production

Unit-wise production details with reasons for shortfall have been given in following sub-sections:

1.1  Crude oil production by ONGC during May, 2016 was 1888.30 TMT which is 1.66% higher than the monthly target but 0.88% less than compared with May 2015. Cumulative crude oil production during April-May, 2016 was 3690.06 TMT which is 0.97% higher than target for the period and 0.82% lower than the production during corresponding period of last year.  Reasons for shortfall in production are as under:
·         Offshore: Decline in production from Cluster 7 wells. Separator cleaning job in Heera field. Natural decline from Matured Fields
·         Gujarat, Ahmedabad: Less production from Jhalora, South Kadi& Limbodara fields because of reservoir issues. Transfer of 4 marginal fields (Sadra, Mahilaj, Vatrak & Asmali) to Cambay.
·         Assam: Low gas lift pressure in Geleki field due to ASEB shut downs & tripping of Gas Lift Compressor
·         Rajahmundry: Production decline in Kesanapalli-West Gopavaram& Lingala/Kaikular fields on account of reservoir issues.
·         Karaikal: Less than envisaged production from Kamlapuram, Vijaypuram & Narimanam fields.

1.2     Crude oil production by OIL during May, 2016 was 271.40 TMT which is 1.46% higher than monthly target but 4.77% less than May 2015. Cumulative crude oil production during April-May, 2016 was 532.81 TMT which is 0.95% higher than target for the period but 5.81% lower than the production during corresponding period of last year. Reasons for shortfall in production are as under:

·         Well head potential of OIL’s producing wells in North East declined at a rate of 20.4% in 2015-16 as against anticipated decline of about 14%. The potential build up from the development well completed during 2015-16 was also lower than expected.

1.3    Crude oil production by Pvt. /JVs during May 2016 was 918.61 TMT which is 0.6% lower than the monthly target and 7.62% less than compared with May, 2015. Cumulative crude oil production during April-May, 2016 was 1812.51 TMT which is 0.84% lower than target for the period and 5.78% lower than the production during corresponding period of last year. Reasons for shortfall in production are as under:

·         Cairn: Less production from RJ-ON-90/1 due to shutdown at Bhagyam on 16.05.2015 and Aishwarya field on 11.05.2016 and natural decline in Ravva.
·         GSPC: Underperformance of wells in KG-OSN-2001/3.
·         Natural Decline in Ravva  and underperformance in Mangala & Bhagyam wells in RJ-ON-90/1
·         Closure of 1 well in KG D6
·         Production from M&S TAPTI stopped in March, 2016
Natural Gas
2.      Natural gas production during May 2016 was 2656.09 MMSCM which is 2.56% lower than the target for the month and 6.88% lower than the production during corresponding period of last year. Cumulative natural gas production during April-May, 2016 was 5144.13 MMSCM which is 2.04% lower than target for the period and 6.86% 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 May, 2016 and cumulatively for the period April-May, 2016 vis-à-vis same period of last year has been shown in Table-2 and month-wise in Figure-2.
            Table-2: Natural Gas Production (MMSCM)
Oil Company
Target
May (Month)
April-May (Cumulative)
2016-17 (Apr-Mar)*
2016-17*
2015-16
% over last year
2016-17
2015-16
% over last year
Target
Prod.
Prod.
Target
Prod.
Prod.
ONGC
22743.43
1812.35
1790.77
1898.68
94.32
3437.29
3421.68
3680.88
92.96
OIL
2905.55
247.10
239.11
221.79
107.81
484.04
489.47
416.60
117.49
PSC Fields
8425.44
666.44
626.21
731.94
85.55
1329.79
1232.98
1425.46
86.50
Total
34074.42
2725.89
2656.09
2852.41
93.12
5251.11
5144.13
5522.94
93.14
            *:Provisional


Figure-2: Monthly Natural Gas Production

2.1      Natural gas production by ONGC during May, 2016 was 1790.77 MMSCM which is 1.19% lower than the monthly target and 5.68% less when compared with May 2015. Cumulative natural gas production during April-May, 2016 was 3421.68 MMSCM which is 0.45% lower than the cumulative target and 7.04% lower than the production during the corresponding period of last year. Reasons for shortfall in production are as under:
v  Offshore: Closure of both the deep water wells of G1 field for carrying out tie-in works of S2AB well. Decline/less production from Bassein field post BPA and BPB shutdown taken in Jan’16 and March’16 respectively under “Reconstruction of BPA& BPB Platforms” Project.
v  Ankleshwar: Closure of 24 wells in Gandhar field on account of GAIL pipeline shutdown from May 8, 2016.
v  Karaikal: Closure of wells on account of less off-take by consumers GAIL / TNEB. Shutdown taken for hook-up of GDUs in Kuthalam & Ramnad GCS.

2.2      Natural gas production by OIL during May, 2016 was 239.11 MMSCM which is 3.23% lower than the monthly target but 7.81% higher than May 2015. Cumulative natural gas production during April-May, 2016 was 489.47 MMSCM which is 1.12% higher than the cumulative target and 17.49% higher than the production during the corresponding period of last year. Reasons for shortfall in production are as under: 

v  BVFCL: Namrup Unit – III shut down for 11 days due to maintenance related issues of the Process Air Compressor.
v  NTPS: Maintenance related issues of the Gas Turbines and also for load evacuation problem due to damage of the Auto Transformer for fire.
v BCPL: Due to maintenance problem of the LPDE unit at Lepatkata.
2.3      Natural gas production by Pvt. /JVs during May 2016 was 626.21 MMSCM which is 6.04% lower than the monthly target and 14.45% less when compared with May, 2015. Cumulative natural gas production during April-May, 2016 was 1232.98 MMSCM which is 7.28% lower than the cumulative target and 13.50% lower than the production during the corresponding period of last year. Reasons for shortfall in production are as under:
v  Underperformance of wells of KG-OSN-2001/3.
v  Dewatering issues in CBM blocks.
v  Gas off-take issues in RJ-ON/6.
v  M&S Tapti: Production stopped in March 2016.
v  Closure of one well in KG D6.
v  Natural Decline in Ravva, PY-1 and Hazira.

Refinery Production (in terms of Crude oil processed)

3          Refinery production during May, 2016 was 19950.07 TMT which is 3.32% lower than the target for the month and 1.24% higher than the production during corresponding period of last year. Cumulative production during April-May, 2016 was 40105.74 TMT which is 0.77% higher than the target for the period and 9% 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 May, 2016 and cumulatively for the period April-May, 2016 vis-à-vis same period of last year has been shown in Table-3 and month-wise in Figure-3.
   Table 3: Refinery Production (TMT)
Oil Company
Target
May (Month)
April-May (Cumulative)
2016-17 (Apr-Mar)*
2016-17*
2015-16
% over last year
2016-17
2015-16
% over last year
Target
Actual
Actual
Target
Actual
Actual
IOCL
64299.99
5598.87
5601.54
4840.97
115.71
10948.64
10914.61
8893.34
122.73
BPCL
24999.95
2069.11
2101.85
2091.84
100.48
4134.40
4142.69
4122.23
100.50
HPCL
16500.42
1462.62
1538.59
1226.60
125.44
2878.15
3056.28
2516.58
121.45
CPCL
10250.20
937.00
851.82
950.55
89.61
1844.30
1727.56
1889.66
91.42
NRL
2669.99
231.37
238.34
150.79
158.06
455.53
454.87
152.25
298.76
MRPL
15300.00
1475.00
1232.45
1336.10
92.24
2645.00
2398.36
2447.51
97.99
ONGC
44.59
3.95
6.40
4.21
152.06
7.82
13.21
8.21
160.88
BORL
6000.00
525.00
616.51
571.14
107.95
1050.00
1150.09
572.65
200.84
HMEL
9000.00
796.02
945.17
925.13
102.17
1566.36
1865.36
1821.02
102.43
RIL
69561.01
5844.23
5038.83
5844.23
86.22
10888.24
10885.31
10888.24
99.97
EOL
20291.64
1690.99
1778.56
1763.61
100.85
3381.98
3497.41
3482.04
100.44
TOTAL
238917.79
20634.15
19950.07
19705.15
101.24
39800.43
40105.74
36793.73
109.00
*:Provisional


Figure 3: Monthly Refinery Production (TMT)

3.1         PSU Refineries’ production during May, 2016 was 11570.98 TMT which is 1.76% lower than the target for the month and 9.15% higher than the production achieved in the corresponding month of last year. Cumulative production during April-May, 2016 was 22707.57 TMT which is 0.9% lower than the target for the period and 13.37% higher than the production during corresponding period of last year. Reasons for shortfall of refinery production of PSU refineries are as under:
      IOCL, Paradip: Throughput is lower as secondary units are still under commissioning and stabilization.
      IOCL, Guwahati & Digboi: Lower crude availability.
      CPCL, Manali: Throughput in Manali refinery was lower than target to contain VGO. Hydro-cracker Unit was under shut down for 7 days for Reactor catalyst scooping.
      MRPL, Mangalore: Throughput restricted due to water crisis.
3.2       Production in JV refineries during May, 2016 was 1561.69 TMT which is 18.22% higher than the target for the month and 4.37% higher than the production achieved in the corresponding month of last year. Cumulative production during April-May, 2016 was 3015.45 TMT which is 15.25% higher than the target for the period and 25.98% higher than the production during corresponding period of last year.
3.3       Production in private refineries during May, 2016 was 6817.40 TMT which is 9.53% lower than the target for the month and 10.39% lower than the production achieved in the corresponding month of last year. Cumulative production during April-May, 2016 was 14382.72 TMT which is 0.79% higher than the target for the period and 0.09% higher than the production during corresponding period of last year.
3.4       Refinery-wise details of the capacity utilization and production of petroleum products during the month of May, 2016 and cumulatively for the period April-May, 2016 vis-à-vis April, -May, 2015 are given at Annexures-IV and V respectively.

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Global Crude oil price of Indian Basket was US$ 47.24 per bbl on 20.06.2016
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$ 47.24 per barrel (bbl) on 20.06.2016. This was higher than the price of US$ 45.17 per bbl on previous publishing day of 17.06.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3184.55 per bbl on 20.06.2016 as compared to Rs. 3033.72 per bbl on 17.06.2016. Rupee closed weaker at Rs. 67.41 per US$ on 20.06.2016 as against Rs 67.17 per US$ on 17.06.2016. The table below gives details in this regard:

Particulars   
Unit
Price on June 14,2016
And Previous day price
Pricing Fortnight for 01.06.2016
(12 May, 2016 to May 27, 2016)

Crude Oil (Indian Basket)
($/bbl)
 47.24             (45.17)  
   47.61
(Rs/bbl
  3184.55       (3033.72) 
3191.77
Exchange Rate
 (Rs/$)
67.41             (67.17)
   67.04

Daily Crude Oil Price- 21.06.2016

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