India's crude oil production rises in 2002

Dec 19, 2003 01:00 AM

India's crude oil production rose 4.2 % in April-November to 22.117 mm tons as against 21.235 mm tons in the corresponding period last year, according to the petroleum ministry. The cumulative production is 0.7 % higher than the target of 21.971 mm tons for April-November, while for November alone the increase was 1.4 % over the target of 2.705 mm tons, an official release stated.
Dependent on imports for 70 % of its requirement, India has embarked on a multi-pronged strategy to boost indigenous production through fresh exploration efforts and redevelopment of existing proven oil fields. Recovery from the southern region business centre of the state-owned exploration major Oil and Natural Gas Corporation's (ONGC) oil fields in Andhra Pradesh and Tamil Nadu was the highest at around 137-147 %.

The lowest output was from the state-owned Oil India's oil fields in Assam and Arunachal Pradesh in the northeast, which had only around 85 % recovery. This was due to increase in water/oil ratio in a few new fields. In terms of gas, the production at 2,611 mm cm during November was 5 % higher than 2,486 mm cm in the corresponding month last year.
Between April-November, the gas production at 20,593 mm cm was 4.4 % higher than the production of 19,726 mm cm during the corresponding period last year. With domestic demand rising, reflecting growth in the industrial and transport sector, the refinery production in the country at 74.219 mm tons between April-November also showed 5 % growth over the corresponding period last year when it was 70.662 mm tons.

Overall the production utilisation of the around 116-mm-ton refinery capacity was 4.1 % lower than the target of 77.370 mm tons for April-November. The under utilisation of capacity varied from shortfall in crude availability to less demand to 30 days annual planned turnaround at Reliance refinery at Jamnagar.
The sales of petroleum products witnessed a 2.1 % rise to 54.4 mm tons in April-November compared with the same period in 2001. While diesel sales showed only a marginal rise of 0.2 % to 24.4 mm tons, petrol sales benefited by a growth in automobile sales to record 9 % rise over the corresponding period last year to 5.07 mm tons.

Source: SiliconIndia
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