Crude oil production up post APM
As India enters the deregulated era, crude oil production has exceeded the planned target and was higher at 2.812 million tonnes during April against the target of 2.759 million tonnes, the ministry of petroleum and natural gas announced here on Wednesday.
Crude production in April 2002 was around ten per cent higher than the same month a year ago, which stood at 2.553 million tonnes.
Production in all the sub-sectors of ONGC was higher than the planned target but it was lower than the target fixed for oil. Production by the private companies as well as joint venture companies was also higher than the planned target.
The oil failed to achieve planned target because of miscreants' activities, reservoir problems and less than planned contribution from drilling wells.
With effect from April 1 2002, the crude oil producers were getting an attractive price linked with the international market.
However, the refinery production in terms of crude throughput, the actual production was lower than the planned target at 8.539 million tonnes. The crude throughput of IOC (Guwahati, Barauni, Haldia and Mathura), HPCL (Visakhapatnam), BRPL, NRL and MRPL refineries was less than expected due to various reasons including less offtake of finished products as well as lower supplies of crude oil.
Refinery utilisation, however, was higher at 89.3 per cent against 82.9 per cent a year ago. Natural gas production was also lower at 2,235 million cubic meters (mcm) in April 2002 against 2,397 mcm during the same month a year ago. Production of gas in the onshore area was higher at 678 mcm against 660 mcm during the same month of 2001. Offshore gas production was lower at 1,557 mcm in comparison to 1,737 mainly due to lower production at Mumbai high.
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