Global crude oil price of Indian Basket was US$ 47.34 per bbl on 16.10.2015
Global crude oil price of Indian Basket was US$
47.34 per bbl on 16.10.2015
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$ 47.34 per barrel (bbl)
on 16.10.2015. This was higher than the price of US$ 46.68 per bbl on previous
publishing day of 15.10.2015.
In rupee terms, the price of Indian Basket
increased to Rs 3075.65 per bbl on 16.10.2015 as compared to Rs 3025.97 per bbl
on 15.10.2015. Rupee closed weaker at Rs 64.97 per US$ on 16.10.2015 as against Rs
64.82 per US$ on 15.10.2015. The table below gives details in this regard:
|
Particulars
|
Unit
|
Price on October
16,
2015 (Previous
trading day i.e.
15.10.2015)
|
Pricing Fortnight for
16.10.2015
(Sep 29 to Oct 13, 2015)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
47.34 (46.68)
|
47.70
|
|
(Rs/bbl
|
3075.65
(3025.97)
|
3115.29
|
|
|
Exchange
Rate
|
(Rs/$)
|
64.97
(64.82)
|
65.31
|
Daily Crude Oil Price- 19.10.2015
****************************
Production Performance of Oil & Natural Gas Sector for the month of September, 2015
1. Crude Oil Production
1.1 Indigenous crude
oil production (including condensate) during September, 2015 was 3042.369 TMT
which is 0.89% lower than the target for the month and 0.06% lower than the
production during corresponding period of last year. Cumulative crude oil
production during April-September, 2015 was 18680.763 TMT which is 1.32% higher
than target for the period and 0.43% higher 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 September, 2015 and cumulatively for the period
April-September, 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
|
September
(Month)
|
April-September
(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
|
1896
|
1857
|
1810
|
102.56
|
11326
|
11241
|
11064
|
101.61
|
|
OIL
|
3595
|
293
|
262
|
279
|
93.66
|
1763
|
1650
|
1708
|
96.59
|
|
PSC Fields
|
10719
|
880
|
924
|
955
|
96.79
|
5348
|
5790
|
5830
|
99.31
|
|
Total
|
37046
|
3070
|
3042
|
3044
|
99.94
|
18437
|
18681
|
18601
|
100.43
|
Figures-1: Monthly
Crude Oil Production
1.2 ONGC’s
crude oil production during September, 2015 was 1856.795 TMT which is 2.07%
lower than the target for the month and 2.56% higher than the production
achieved in the corresponding month of last year. ONGC’s cumulative production
during April-September, 2015 was 11241.436 TMT which is 0.75% lower than the
cumulative target and 1.61% higher than the production during the corresponding
period of last year. The shortfall in ONGC’s production was due to following
reason:
v Offshore: Less than
expected production from Cluster-7 due to closure of 1 well closed due to high
CO2 content and 1 well converted to water injector. Less than planned
production from WO-16 cluster.
v Ahmedabad &
Mehsana, Gujarat: closure of Kalol-Ramol GAIL line leakage; Increase in water
cut in North Kadi; Less air injection in Santhal field; Power shutdown
affecting artificial lift operations.
v Assam : Power shut
down, low gas injection pressure.
1.3 OIL’s
crude oil production during September 2015 was 261.514 TMT which is 10.87%
lower than the target for the month and 6.34% lower than the production
achieved in the corresponding month of last year. OIL’s cumulative production
during April-September, 2015 was 1649.661 TMT which is 6.44% lower than the
cumulative target and 3.41% lower than the production during the corresponding
period of last year. Reasons for shortfall in production are given below:
v The shortfall is
mainly due to bandhs, blockades and flood because of continuous rainfall.
v Retrieval of
wellhead potential by workover effort has exhibited a diminishing trend because
of ageing of the major oilfields.
v Potential build-up
by drilling effort falls short of expectation because of limited structural
traps which can be exploited, and plateauing of majority of the established
oilfields.
1.4 Pvt.
/JVs’ crude oil production during September, 2015 was 924.06 TMT which is 4.97%
higher than the target for the month and 3.21% lower than production of
corresponding month of last year. Pvt./JVs’ cumulative production during
April-September, 2015 was 5789.666 TMT which is 8.25% higher than the
cumulative target and 0.69% lower than the production during the corresponding
period of last year. Reasons for shortfall in production are given below:
v Cairn: Under
performance of Bhagyam well and Ravva
v RIL: Under
performance of wells in KG-D6
v JV of
ONGC,BG&RIL: Natural decline in Panna Mukta
v GEOENPRO:
Production lower due to sand ingress in Kharsang
2. Natural Gas Production
2.1 Natural
Gas Production during September, 2015 was 2750.054 MMSCM which is 6.53% lower
than the target for the month and 0.88% higher than the production during
corresponding period of last year. Cumulative natural gas production during
April-September, 2015 was 16448.835 MMSCM which is 5.56% lower than the target
for the period and 2.14% 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 September, 2015
and cumulatively for the period April-September, 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
|
September
(Month)
|
April-September
(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
|
2001
|
1815
|
1778
|
102.08
|
11704
|
10838
|
10980
|
98.71
|
|
OIL
|
3010
|
264
|
227
|
218
|
104.25
|
1481
|
1344
|
1371
|
98.06
|
|
PSC Fields
|
8362
|
677
|
708
|
730
|
96.94
|
4232
|
4267
|
4459
|
95.70
|
|
Total
|
35280
|
2942
|
2750
|
2726
|
100.88
|
17418
|
16449
|
16809
|
97.86
|
Figures-2.1: Monthly Natural Gas Production
2.2 ONGC’s
natural gas production during September, 2015 was 1815.394 MMSCM which is 9.28%
lower than the target for the month and 2.08% higher than the production
achieved in the corresponding month of last year. ONGC’s cumulative natural gas
production during April-September, 2015 was 10837.888 MMSCM which is 7.40%
lower than the cumulative target and 1.29% lower than the production during the
corresponding period of last year. Reasons for the shortfall are given below:
v Bassein &
Satelite: Seizure of 4 wells in Bassein field. Lower than envisaged production
after repair of South Bassein Heera Trunk line. Two wells of B193 kept closed
due to AGDU breakdown.
v EOA: Delay in
commencement of production from one deep water well planned in Eastern
offshore. Restricted withdrawal by GAIL in view of pipeline safety issues.
v 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, Limbodara &
Gamij fields.
v Tripura: Less off
take by OTPC due to operational issues
v Rajahmundry: GAIL
Pipelines in Tatipaka-Lanco & Endamaru- Oduru sectors still under repair.
v Cauvery: Less gas
production due to less demand by GAIL.
2.3 OIL’s
natural gas production during September, 2015 was 227.080 MMSCM which is 14.05%
lower than the target for the month and 4.25% higher than the production
achieved in the corresponding month of last year. OIL’s cumulative natural gas
production during April-September, 2015 was 1343.965 MMSCM which is 9.26% lower
than the cumulative target and 1.94% lower than the production during the
corresponding period of last year. Reasons for the shortfall are given below:
v Production affected
due to less gas withdrawal by the potential customers like BVFCL, NTPS, LTPS,
BCPL and RRVUNL.
2.4 Pvt.
/JVs’ natural gas production during September, 2015 was 707.580 MMSCM which is
4.52% higher than the target for the month and 3.06% lower than the production
achieved in the corresponding month of last year. Pvt. /JV’s cumulative natural
gas production during April-September, 2015 was 4266.982 MMSCM which is 0.82%
higher than the cumulative target and 4.30% lower than the production during
the corresponding period of last year. Reasons for the shortfall are given
below:
v RIL (KG-D6):
Underperformance of MA wells.
v JV of BG, RIL &
ONGC (M&S Tapti): Under performance of recently drilled 6 wells. Operator
proposed for field abandonment.
v GSPC
(KG-OSN-2001/3): Less than expected trial gas production from 3 wells.
v 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 September, 2015 was 18042.961 TMT which is 0.45% lower than
the target for the month and 0.48% higher than the production during
corresponding period of last year. Cumulative refinery production during
April-September, 2015 was 112600.594 TMT which is 2.31% higher than the target
for the period and 3.65% 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 September, 2015 and cumulatively for the period April-September, 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
|
September
(Month)
|
April-September
(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
|
4447
|
4375
|
4171
|
104.88
|
26634
|
27251
|
26273
|
103.72
|
|
BPCL
|
23197
|
1957
|
1899
|
1969
|
96.41
|
11773
|
12041
|
11435
|
105.30
|
|
HPCL
|
16200
|
1345
|
1499
|
1501
|
99.85
|
7711
|
7964
|
7764
|
102.58
|
|
CPCL
|
10800
|
918
|
731
|
851
|
85.94
|
5202
|
4880
|
5362
|
91.02
|
|
NRL
|
2700
|
235
|
248
|
228
|
108.48
|
1276
|
1166
|
1452
|
80.35
|
|
MRPL
|
15250
|
1000
|
976
|
1166
|
83.71
|
7150
|
7343
|
6712
|
109.40
|
|
ONGC
|
61
|
5
|
5
|
4
|
130.13
|
32
|
27
|
26
|
103.28
|
|
BORL
|
5200
|
270
|
620
|
570
|
108.62
|
2200
|
3045
|
2849
|
106.85
|
|
HMEL
|
9000
|
738
|
907
|
75
|
1203.82
|
4500
|
5484
|
2511
|
218.42
|
|
RIL
|
68042
|
5739
|
5829
|
5739
|
101.58
|
34072
|
33760
|
34072
|
99.08
|
|
EOL
|
18793
|
1471
|
954
|
1681
|
56.75
|
9508
|
9640
|
10181
|
94.69
|
|
TOTAL
|
224242
|
18125
|
18043
|
17957
|
100.48
|
110058
|
112601
|
108637
|
103.65
|
Figure 3.1: Monthly Refinery Production (TMT)
3.2 PSU
Refineries’ production during September, 2015 was 9733.127 TMT which
is 1.76% lower than the target for the month and 1.60% lower than the
production achieved in the corresponding month of last year. Cumulative
refinery production of PSUs during April-September, 2015 was 60671.835 TMT
which is 1.50% higher than the cumulative target and 2.79% higher than the
production during the corresponding period of last year. Reasons for shortfalls
in PSU refineries are given below:
v IOCL, Gujarat: Deferment of shutdown from Aug’15 to
Sep’15.
v IOCL, Haldia: Deferment of shutdown from Jul-Aug’15
to Sep-Oct’15.
v IOCL, Guwahati: Lower Assam crude availability.
v BPCL, Mumbai: Shutdown of CCU & CCR units.
v CPCL, Manali: Production lowers mainly to contain
VGO production on account of delayed startup of Hydrocracker Unit after
shutdown.
v MRPL Mangalore: Production lowers due to Phase III
Power Plant trip.
3.3 Production
in JV refineries during September, 2015 was 1526.636 TMT which is
51.50% higher than the target for the month and 136.38% higher than the
production achieved in the corresponding month of last year. Cumulative
refinery production in JV refineries during April-September, 2015 was 8529.158
TMT which is 27.30% higher than the cumulative target and 59.11% higher than
the production during the corresponding period of last year.
3.4 Production in
private refineries during September, 2015 was 6783.198 TMT which
is 5.92% lower than the target for the month and 8.58% lower than the
production achieved in the corresponding month of last year. Cumulative
refinery production in private refineries during April-September, 2015 was
43399.601 TMT which is 0.41% lower than the cumulative target and 1.93% lower
than the production during the corresponding period of last year. Reasons for
shortfalls in PSU refineries are given below:
v EOL, Vadinar: Refinery is under shutdown since 18th September 2015.
3.5 Refinery-wise details of the capacity utilization and Production of
petroleum products during the month of September, 2015 and cumulatively for the
period April-September, 2015 vis-à-vis April-September,2014 are given in
Annexures-IV to V respectively.
http://pibphoto.nic.in/documents/rlink/2015/oct/p2015101901.pdf
http://pibphoto.nic.in/documents/rlink/2015/oct/p2015101902.pdf
http://pibphoto.nic.in/documents/rlink/2015/oct/p2015101903.pdf
http://pibphoto.nic.in/documents/rlink/2015/oct/p2015101904.pdf
http://pibphoto.nic.in/documents/rlink/2015/oct/p2015101905.pdf
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