New Delhi: Domestic crude oil production fell 7% year-on-year in May as companies struggled with ageing fields and natural gas output shrank 16% mainly due to lower demand amid the lockdown.
Crude oil production declined to 2,602 thousand metric tonnes (TMT) in May, with fields operated by the private sector witnessing the biggest contraction of 18%. The Barmer block, country’s biggest onland producing block, experienced output declines due to delay in output enhancing jobs such as polymer injections and workover wells, as per a petroleum ministry statement.
