Crude Oil_Natural Gas_ProjectsMonitor

Crude oil production across the industry during April to March, 2013-14 stood at 37.776 MMT as against 37.861 MMT achieved in the previous year. Targeted production for 2013-14 was 39.396 MMT. ONGC produced 22.234 MMT during the year under review as against the target of 24.083 MMT. Oil India Limited (OIL) produced 3.46 MMT during the year, which was 10.12% lower than its planned production for the year. On the other hand, Private/JV companies were 5.35% ahead of their crude production targets for the 2013-14 period, having produced 12.076 MMT as against the target of 11.463 MMT.

On natural gas front too figures were not encouraging with production falling behind the target and that of previous year’s figure. 35,390.926 MCM natural gas was produced during 2013-14, as against the target of 38,453.714 MCM. The annual production in the year 2012-13 was 40,679.266 MCM.

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