For second quarter and half year FY 2014-15
Cairn India announced the production update for the second quarter and half year FY 2014-15 as under -OIL & GAS
Average Daily Total Gross Operated Production (boepd)
For Q2 FY 2015 - 204128
For Q2 FY 2014 - 221190
For H1 FY 2015 - 215301
For HI FY 2014 - 220884
Average Daily Gross Operated Production (boepd)
For Q2 FY 2015 - 194508
For Q2 FY 2014 - 213299
For H1 FY 2015 - 206125
For HI FY 2014 - 212873
Also Read
Average Daily Working Interest Production (boepd)
For Q2 FY 2015 - 123178
For Q2 FY 2014 - 132862
For H1 FY 2015 - 130502
For HI FY 2014 - 132477
Average gross production for H1 FY2015 was 206,125 barrels of oil equivalent per day (boepd), 3% lower than the previous year due to the planned maintenance shutdown at the Rajasthan facilities and a suspension of gas sales at the Ravva block, partially offset by higher production at the Cambay block.
In Q2 FY2015, average gross operated production and working interest production were 9% and 7% lower year on year (yoy) at 194,508 boepd and 123,178 boepd, respectively. At Rajasthan, the Company completed the planned shutdown announced in Q1, for routine operational and statutory maintenance activity at the Mangala Processing Terminal, which resulted in lower production of 163,262 boepd, with Development Area (DA)-1 and DA-2 producing gross averages of 134,539 boepd and 28,723 boepd respectively. The Company is back to normal production levels at Rajasthan after the shutdown; excluding the shutdown period, Q2 production was comparable to Q1. The Company also utilized this opportunity to tie-in new facility enhancements related to development projects.
At Ravva, gas sales have been suspended since 4 July 2014 on account of one of the customers undertaking a major unplanned maintenance activity within their Andhra Pradesh pipeline network. Hence, production at Ravva was lower at 20,596 boepd during the quarter despite a positive oil contribution from the 4D infill well campaign.
At Cambay, production increased by 23% yoy at 10,651 boepd during Q2 on account of successful well intervention measures undertaken in the previous quarter.
Powered by Capital Market - Live News