Vedanta cuts oil production at its Rajasthan block by a tenth

New Delhi: VedantaNSE 6.52 % has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to nationwide lockdown, have reduced intake, India’s largest private sector oil producer has said.

The production has fallen to 160,000 barrels of oil equivalent per day (boepd) from 180-190,000 barrels, Vedanta said. “Some oil customers are taking at reduced rates due to demand issues and maintenance activities. Gas customers have declared force majeure on partial volumes with the corresponding impact on gas and associated oil production,” the company said.