Global crude oil price of Indian Basket was US$ 46.36 per bbl on 20.08.2015
Global
crude oil price of Indian Basket was US$ 46.36 per bbl on 20.08.2015
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$ 46.36 per barrel (bbl) on 20.08.2015. This
was lower than the price of US$ 47.77 per bbl on previous publishing day of
19.08.2015.
In rupee terms, the price of Indian Basket decreased to Rs 3024.53 per
bbl on 20.08.2015 as compared to Rs 3115.56 per bbl on 19.08.2015. Rupee closed
weaker at Rs 65.24
per US$ on 20.08.2015 as against Rs 65.22 per US$ on 19.08.2015. The table
below gives details in this regard:
|
Particulars
|
Unit
|
Price on August 20, 2015(Previous trading day i.e. 19.08.2015)
|
Pricing Fortnight for 16.08.2015
(July 30 to Aug 12, 2015)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
46.36 (47.77)
|
50.68
|
|
(Rs/bbl
|
3024.53
(3115.56)
|
3243.52
|
|
|
Exchange Rate
|
(Rs/$)
|
65.24
(65.22)
|
64.00
|
Daily Crude Oil Price-
21.08.2015
************
Production
Performance of Oil & Natural Gas Sector for the month of July, 2015
1.
Crude Oil Production
1.1 Indigenous crude oil production
(including condensate) during July, 2015 was 3134.254 TMT which is
0.66% lower than the target for the month and 0.39% lower than the production
during corresponding period of last year. Cumulative crude oil production
during April-July, 2015 was 12445.281 TMT which is 1.85% higher than target for
the period and 0.7% 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 July, 2015 and cumulatively for the period April-July, 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
|
July (Month)
|
April-July (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
2014-15
|
2015-16
|
2014-15
|
Change (%)
|
||||
|
Target
|
Prod.
|
% achievement
|
Prod.
|
Target
|
Prod.
|
Prod.
|
|||
|
ONGC
|
22732
|
1944
|
1881
|
96.76
|
1889
|
7496
|
7455
|
7394
|
0.84
|
|
OIL
|
3595
|
300
|
275
|
91.73
|
295
|
1167
|
1112
|
1130
|
-1.62
|
|
Pvt/JVs
|
10719
|
911
|
978
|
107.36
|
962
|
3557
|
3878
|
4009
|
-3.27
|
|
Total
|
37046
|
3155
|
3134
|
99.34
|
3147
|
12220
|
12445
|
12533
|
-0.70
|
Figures-1: Monthly Crude Oil Production
1.2 ONGC’s crude oil
production during July, 2015 was 1880.972 TMT which is 3.24% lower than the
target for the month and 0.44% lower than the production achieved in the
corresponding month of last year. ONGC’s cumulative production during
April-July, 2015 was 7455.410 TMT which is 0.54% lower than the cumulative
target and 0.84% higher than the production during the corresponding period of
last year. The shortfall in ONGC’s production was due to following reason:
Ø Mumbai High: Less
than planned production from Cluster 7 fields. Less than planned production
from WO#16 cluster field (one well put on production and drilling of remaining
wells under progress).
Ø Condensate receipt
could not be achieved due less gas receipt on account of re-routing of a
section of 42" SBHT (South Bassein Hazira Trunkline) at Umbhrat Hazira
from 11th July to 01st Aug’15 for safety reasons.
Ø Cyclonic storm,
unplanned power shutdown, poor influx & artificial lift optimization
affected production in Ahmadabad.
Ø Closure of wells due
to non-availability of Hazira-Motwan pipeline, high water cut, aging of fields
affected production in Ankleshwar fields.
Ø Cyclonic storm,
unplanned power shutdown & less Air injection in Santhal field affected
production in Mehsana.
Ø Closure of high GOR
wells due to less off-take by GAIL & other consumers and delay in
commercial oil production from Madanam field, Cauvery (Tamil Nadu).
1.3 OIL’s crude oil
production during July 2015 was 275.143 TMT which is 8.7% lower than the target
for the month and 6.72% lower than the production achieved in the corresponding
month of last year. OIL’s cumulative production during April-July, 2015 was
1112.123 TMT which is 4.73% lower than the cumulative target and 1.62% lower
than the production during the corresponding period of last year. Reasons for
shortfall in production are given below:
Ø Loss incurred due to
bandhs & blockades.
Ø Loss in well head
potential due to rise in water cut and sand ingression problems in few wells of
greater Hapjan field.
Ø Less than expected
increase in Wellhead potential from drilling operations.
1.4 Pvt. /JVs’ crude oil
production during July, 2015 was 978.139 TMT which is 7.36% higher than the
target for the month and 1.64% higher than production of corresponding month of
last year. Pvt./JVs’ cumulative production during April-July, 2015 was 3877.748
TMT which is 9.02% higher than the cumulative target and 3.27% lower than the
production during the corresponding period of last year. Reasons for shortfall
in production are given below:
· RIL: Underperformance
of MA wells in KG-DWN-98/30 Field, Eastern offshore.
· ONGC+BG+RIL: M&S
Tapti proposed for abandonment.
· Repeated sand ingress
in existing producers of Kharsang field in Arunachal Pradesh.
2.
Natural Gas Production
2.1 Natural Gas Production during July,
2015 was 2620.479 MMSCM which is 13.09% lower than the target for the month and
4.38% lower than the production during corresponding period of last year.
Cumulative natural gas production during April-July, 2015 was 10863.821 MMSCM
which is 4.88% lower than the target for the period and 4.26% 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 July, 2015 and cumulatively for the period
April-July, 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
|
July (Month)
|
April-July (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
2014-15
|
2015-16
|
2014-15
|
Change (%)
|
||||
|
Target
|
Prod.
|
% achievement
|
Prod.
|
Target
|
Prod.
|
Prod.
|
|||
|
ONGC
|
23908
|
2035
|
1686
|
82.87
|
1785
|
7639
|
7168
|
7439
|
-3.64
|
|
OIL
|
3010
|
259
|
233
|
89.94
|
242
|
948
|
874
|
919
|
-4.85
|
|
Pvt/JVs
|
8362
|
722
|
702
|
97.21
|
713
|
2833
|
2822
|
2989
|
-5.61
|
|
Total
|
35280
|
3015
|
2620
|
86.91
|
2740
|
11421
|
10864
|
11347
|
-4.26
|
Figures-2.1: Monthly Natural Gas
Production
2.2 ONGC’s natural gas
production during July, 2015 was 1686.209 MMSCM which is 17.13% lower than the
target for the month and 5.55% lower than the production achieved in the
corresponding month of last year. ONGC’s cumulative natural gas production
during April-July, 2015 was 7168.074 MMSCM which is 6.17% lower than the
cumulative target and 3.64% lower than the production during the corresponding
period of last year. Reasons for the shortfall are given below:
v Production affected
for carrying out re-routing of section of 42" SBHT (South Bassein Hazira
Trunkline) at Umbhrat Hazira from 11th July to 01st Aug’15 for safety reasons
in Western offshore.
v Less production on
account of delay in commencement of production from one deep water well and
restricted withdrawal by GAIL in view of safety issues of GAIL’s pipeline in
Eastern offshore.
v Tatipaka-Lanco
pipeline incident, GAIL Pipeline still under repair in Rajahmundry, Andhra
Pradesh.
v Less associated gas
production & closure of well due to less offtake by M/s. GAIL in Assam
regions.
v Less offtake by
consumers in Rajasthan and Tripura.
v Production affected
due to M/s GAIL’s consumer shutdown in Tamil Nadu.
v Closure of wells due
to unplanned shut down of GAIL Gas line from Ahmedabad/Kalol to Ramol. Stoppage
of gas off-take by GAIL from South Kadi to GAIL GIDC in Gujarat.
2.3 OIL’s natural gas
production during July, 2015 was 232.585 MMSCM which is 10.06% lower than the
target for the month and 3.84% lower than the production achieved in the
corresponding month of last year. OIL’s cumulative natural gas production
during April-July, 2015 was 874.227 MMSCM which is 7.80% lower than the
cumulative target and 4.85% lower than the production during the corresponding
period of last year. Reasons for the shortfall are given below:
v Less drawl by
Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) due to N II plant
shut down due to high vibration of Process Air Compressor from 03.07.2015 to
22.07.2015
v Less drawl by Namrup
Thermal Power Station (NTPS) – Due to maintenance of Gas Turbine (GT) # 3 &
4.
v Less drawl by North
East Electrical Power Corporation (NEEPCO) – Due to maintenance of Gas
Compressor No. 1 & 2 and Gas Turbine No. 4. Also due to low system
demand.
v Less drawal by
Brahmaputra Crackers and Polymer Limited (BCPL) than the committed
quantity.
2.4 Pvt. /JVs’ natural gas
production during July, 2015 was 701.685 MMSCM which is 2.79% lower than the
target for the month and 1.63% lower than the production achieved in the
corresponding month of last year. Pvt. /JV’s cumulative natural gas production
during April-July, 2015 was 2821.520 MMSCM which is 0.42% lower than the
cumulative target and 5.61% lower than the production during the corresponding
period of last year. Reasons for the shortfall are given below:
v Under performance of
wells of KG D6.
v Less than expected
gas from trial production from 3 wells in KG OSN-2001/3 block.
v Prolonged dewatering
in new wells in Raniganj South and Forest Clearance received late in
Raniganj East
v Incidental CBM gas
being produced and sold in Jharia, Jharkhand.
v Zero production since
9 June 2015 in Sohagpur East, M.P. and Incidental CBM gas being produced in
small quantities in Sohagpur West, M.P.
3.
Refinery Production (in terms of Crude oil processed):
3.1 Refinery production during July,
2015 was 18668.458 TMT which is 0.05% lower than the target for the month and
2.90% higher than the production during corresponding period of last year.
Cumulative refinery production during April-July, 2015 was 74945.890 TMT which
is 2.05% higher than the target for the period and 3.89% higher than the
production during corresponding period of last year. Unit-wise refinery
production is given at annexure-III. Unit-wise refinery production for
the month of July, 2015 and cumulatively for the period April-July, 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
|
July (Month)
|
April-July (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
|
2014-15
|
2015-16
|
2014-15
|
Change (%)
|
|||
|
Target
|
Actual
|
% achievement
|
Actual
|
Target
|
Actual
|
Actual
|
|||
|
IOCL
|
55000
|
4608
|
4749
|
103.07
|
4664
|
18052
|
18317
|
17530
|
4.49
|
|
BPCL
|
23197
|
1947
|
2028
|
104.14
|
2016
|
7830
|
8109
|
7381
|
9.87
|
|
HPCL
|
16200
|
1253
|
1156
|
92.28
|
1507
|
4928
|
4914
|
4783
|
2.73
|
|
CPCL
|
10800
|
948
|
756
|
79.75
|
819
|
3336
|
3600
|
3638
|
-1.06
|
|
NRL
|
2700
|
242
|
253
|
104.36
|
248
|
799
|
666
|
972
|
-31.55
|
|
MRPL
|
15250
|
1150
|
1107
|
96.24
|
1113
|
5000
|
5018
|
4355
|
15.23
|
|
ONGC
|
61
|
5
|
5
|
98.75
|
5
|
21
|
19
|
17
|
14.03
|
|
BORL
|
5200
|
500
|
631
|
126.22
|
267
|
1430
|
1805
|
1756
|
2.76
|
|
HMEL
|
9000
|
762
|
922
|
120.97
|
54
|
3000
|
3640
|
2436
|
49.45
|
|
RIL
|
68042
|
5792
|
5306
|
91.62
|
5792
|
22476
|
21932
|
22476
|
-2.42
|
|
EOL
|
18793
|
1471
|
1755
|
119.30
|
1658
|
6565
|
6927
|
6799
|
1.89
|
|
TOTA L
|
224242
|
18678
|
18668
|
99.95
|
18143
|
73438
|
74946
|
72143
|
3.89
|
Figure 3.1: Monthly Refinery Production
(TMT)
3.2 PSU Refineries’ production during
July, 2015 was 10053.747 TMT which is 0.98% lower than the target for the month
and 3.07% lower than the production achieved in the corresponding month of last
year. Cumulative refinery production of PSUs during April-July, 2015 was
40642.158 TMT which is 1.69% higher than the cumulative target and 5.08% higher
than the production during the corresponding period of last year. Reasons for
shortfalls in PSU refineries are given below:
™ IOCL, Guwahati:
Throughput is restricted in line with crude availability.
™ IOC, Panipat:
Throughput is restricted due to plan (plan not in MOU) OHCU (Once Through Hydro
Cracker Unit) shutdown.
™ HPCL, Visakh: Crude
throughput is low due to shifting of the T&I dates from 2nd/3rd
week to 4th week of June which resulted in major units under T&I for
most part of July 2015
™ CPCL, Manali: Crude
throughput lower than plan due to deferment of Ref-3 M&I shutdown.
™ MRPL, Mangalore:
Crude unit-Phase-II taken shutdown for 1½ days due to one of the preheat train
FT impulse line leak. DCU shut down for 13 days on an emergency basis to
undertake the repair of overhead Vapour line Isolation valves/MOV leading to SR
ullage constraints and in turn resulting in crude oil cut. Cumulative
throughput target upto July ’15 achieved.
™ ONGC, Tatipaka:
Production low due to problems in Naphtha uplifitment because of low
demand.
3.3 Production in JV refineries during
July, 2015 was 1553.195 TMT which is 23.05% higher than the target for the
month and 384.02% higher than the production achieved in the corresponding
month of last year. Cumulative refinery production in JV refineries during
April-July, 2015 was 5444.971 TMT which is 22.91% higher than the cumulative
target and 29.89 % higher than the production during the corresponding period
of last year.
3.4 Production in private refineries during July,
2015 was 7061.516 TMT which is 2.77% lower than the target for the month and
5.21% lower than the production achieved in the corresponding month of last
year. Cumulative refinery production in private refineries during April-July,
2015 was 28858.762 TMT which is 0.63 % lower than the cumulative target and
1.42% 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 July, 2015 and cumulatively for the period April-July, 2015 vis-à-vis
April-July, and 2014 are given in Annexures-IV to V respectively.
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