India’s crude oil production fell by 2.3 percent in August but natural gas production rose more than a fifth after emissions from the KG-D6 Reliance-BP sectors, government data released on Wednesday showed.
Crude oil production fell to 2.51 million tons in August as output from the state-run Oil and Natural Gas Corp (ONGC) sectors sank.
India relies on 85 percent of its exports to meet its oil needs and the government has long been looking at ways to boost domestic production to reduce dependence on imports.
Crude oil is converted into fuels such as petrol and diesel at refineries.
Production of natural gas, which is used to extinguish power plants, use fertilizer units and convert CNG to automobiles, increased by 20.23 percent to 2.9 billion
cubic meters in August.
This is due to the fact that exceptions from private companies are reduced by 186 percent.
Apart from giving a break, the data notes say, “The increase in gas production … is due to production from the new D-34 and KG-DWN-98/3 (KG-D6) satellite clusters where production started in December 2020 and April 2021 in sequence. “
Reliance Industries and our partner BP Plc UK operate KG-D6.
ONGC, the country’s largest oil and gas producer, has produced 4% 1.6 million tons of crude oil and 9 percent less than 1.7 bcm of underground oil.
As demand for fuel increased, refineries processed crude oil in August. At 18.4 million tons, pollutants in August were 14.17 percent higher than last season.
This green thruput has been on the rise for the past few months as the reduction in coronavirus restrictions has boosted economic activity and provided more fuel demand.
The public sector refineries processed 13.6 percent over 10 million tons while private Reliance Industries refined 16.4 percent as fuel.
Refineries produced 9 percent more products in August at 19.5 million tons and 12 percent more in April-August at 100.2 million tons.
In total, refineries operate with 87 percent of their applied capacity compared to 76.1 percent of use by August 2020.