India’s oil production fell 6.4 per cent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields.
Crude oil production at 2.39 million tonnes in February was 6.41 per cent lower than 2.56 million tonnes output in the same month last year, according to official data released by the Oil Ministry in New Delhi.
State-owned Oil and Natural Gas Corporation (ONGC) reported a 4.64 per cent rise in production at 1.67 million tonnes as output from its offshore fields saw a pick-up. However, fields operated by the private sector firms reported a 32.6 per cent drop with those in Rajasthan seeing a sharp 32.3 per cent lower production.
Rajasthan fields operated by Vedanta Ltd was lower because of “shutdown during February 5 to 29, for major plant maintenance activities,” the Ministry said.
