Global Crude oil price of Indian Basket was US$ 38.13 per bbl on 21.03.2016
Global Crude oil price of Indian Basket was US$ 38.13 per bbl on 21.03.2016
The
international crude oil price of Indian Basket as computed/published today by
Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and
Natural Gas was US$ 38.13 per barrel (bbl) on 21.03.2016. This was lower than
the price of US$ 38.57 per bbl on previous publishing day of 18.03.2016.
In
rupee terms, the price of Indian Basket decreased to Rs 2535.91 per bbl on 21.03.2016
as compared to Rs 2568.88 per bbl on 18.03.2016. Rupee
closed stronger at Rs
66.50 per US$ on 21.03.2016 as against Rs 66.61 per US$ on 18.03.2016. The table below gives details in this regard:
|
Particulars
|
Unit
|
Price on March
21, 2016
(Previous
trading day i.e. 18.03.2016)
|
Pricing
Fortnight for 16.03.2016
(26 Feb to 11 Mar,
2016)
|
|
Crude Oil
(Indian Basket)
|
($/bbl)
|
38.13 (38.57)
|
34.82
|
|
2535.91 (2568.88)
|
2356.62
|
||
|
Exchange Rate
|
66.50 (66.61)
|
67.68
|
Daily Crude Oil Price- 22.03.2016
********
A P Shah Committee’s tenure extended till 31st July, 2016
The
tenure of A P Shah Committee looking into the dispute between ONGC and
RIL regarding blocks in KG basin has been extended till 31st July, 2016.
The One man committee comprising of Sh A.P.Shah, former chief Justice
of Delhi High Court was constituted on 15th December, 2015. It was to
submit its report in three months. The tenure is being extended on the
request of the Committee. The terms and conditions will remain the same.
*****
Petroleum & Natural Gas Minister takes stock of preparedness of implementation of PradhanMantri Ujjwala Yoajna
The Minister of State for Petroleum & Natural Gas (I/C) Shri
Dharmendra Pradhan today held a meeting through Video Conferencing with
the Officers of State level Units of Oil Marketing Companies (OMCs)
regarding the preparedness for the launch of PradhanMantri Ujjwala
Yojana. Under the Scheme, 5 crore women beneficiaries belonging to BPL
families will be provided with free LPG connections in next three years.
1.5 crore connections would be provided in 2016-17.
Speaking to the officers, the Minister said that the scheme is an opportunity to do something for the poor of the country and there should be wholehearted participation of OMCs in it. He said that detailed guidelines for the scheme will be issued soon. The Minister said that identification of the BPL beneficiaries will be based on the socio-economic caste census, which is a scientific list, agreed upon by both the States and the Centre. He said OMCs must appoint Nodal Officers for the scheme at the State and district levels. He also urged the management of OMCs to appoint women officers who will spearhead the implementation of the scheme. There would be regular monitoring of the scheme at his level so that the targets are achieved in a time bound manner. Focus of the scheme will be on priority States where LPG penetration is below the national average.
Shri Pradhan said that OMCs must be ready with the infrastructure and setup to implement the scheme in an effective manner. He said that besides 5 crores BPL connections, 5 crore non-BPL families will also have to be provided LPG connections in next three years. He said that the Companies must appoint new Gas Distributors immediately to cope up with the demand of LPG connections to the poor.
The Minister said that there should be a focused approach for the scheme. He said that BPL families belong to the bottom of the pyramid and this being one of the Government’s major welfare initiative for them, there should not be any shortcoming in delivery of services.
Speaking to the officers, the Minister said that the scheme is an opportunity to do something for the poor of the country and there should be wholehearted participation of OMCs in it. He said that detailed guidelines for the scheme will be issued soon. The Minister said that identification of the BPL beneficiaries will be based on the socio-economic caste census, which is a scientific list, agreed upon by both the States and the Centre. He said OMCs must appoint Nodal Officers for the scheme at the State and district levels. He also urged the management of OMCs to appoint women officers who will spearhead the implementation of the scheme. There would be regular monitoring of the scheme at his level so that the targets are achieved in a time bound manner. Focus of the scheme will be on priority States where LPG penetration is below the national average.
Shri Pradhan said that OMCs must be ready with the infrastructure and setup to implement the scheme in an effective manner. He said that besides 5 crores BPL connections, 5 crore non-BPL families will also have to be provided LPG connections in next three years. He said that the Companies must appoint new Gas Distributors immediately to cope up with the demand of LPG connections to the poor.
The Minister said that there should be a focused approach for the scheme. He said that BPL families belong to the bottom of the pyramid and this being one of the Government’s major welfare initiative for them, there should not be any shortcoming in delivery of services.
During the course of the video conference, OMC officers from 13 states participated in the discussion.
*********
Import
dependence in Oil & Gas will be reduced by 10%, says the Petroleum
Minister; Government taking steps to boost gas exploration and
production
The
Minister of State (Independent Charge) for Petroleum & Natural Gas
Shri Dharmendra Pradhan has expressed the confidence that the target of
10% reduction in import dependence in Oil & Gas will be achieved by
2022. Speaking at a function on Natural Gas Conclave in New Delhi
today, he said that natural gas will play a major role in achieving this
target. Shri Pradhan said that the Government has already taken a
number of policy initiatives in the sector which would unlock a large
quantity of hydrocarbons.
The Minister said that India is a growth story, its energy consumption is increasing and without energy security, there can be no development. He said gas is the future fuel and India is taking steps to boost exploration and production. He said the Government is working with Public Sector Oil Companies to bring in Start-Up Fund for oil & gas industry which would further boost the innovative ideas in the sector.
Shri Dharmendra Pradhan said that the country is committed to reduce the carbon footprint by 30-35% by the year 2030. In this regard, the Government is promoting the use of clean fuel like natural gas. He said the sector has to be developed through participation by all these stakeholders. He called upon PNGRB to play a lead role in the expansion of gas network in the country. The Minister said the Government is committed to the balanced growth and for this purpose new pipelines are being laid in the Eastern India which will boost the availability of gas in the under-developed parts of the country.
The Minister said that India is a growth story, its energy consumption is increasing and without energy security, there can be no development. He said gas is the future fuel and India is taking steps to boost exploration and production. He said the Government is working with Public Sector Oil Companies to bring in Start-Up Fund for oil & gas industry which would further boost the innovative ideas in the sector.
Shri Dharmendra Pradhan said that the country is committed to reduce the carbon footprint by 30-35% by the year 2030. In this regard, the Government is promoting the use of clean fuel like natural gas. He said the sector has to be developed through participation by all these stakeholders. He called upon PNGRB to play a lead role in the expansion of gas network in the country. The Minister said the Government is committed to the balanced growth and for this purpose new pipelines are being laid in the Eastern India which will boost the availability of gas in the under-developed parts of the country.
Speaking on the occasion, Secretary, (Petroleum & Natural Gas) Shri
K.D. Tripathi said India’s economy is growing and there are ample
opportunities to be seized. He called upon all these Stakeholders to
contribute and ensure sustainable gas at a affordable rates.
*********
Production Performance of Oil & Natural Gas Sector for the month of February, 2016
1. Crude
Oil Production
1.1 Indigenous
crude oil production (including condensate)
during February, 2016 was 2896.67 TMT which is 3.37% lower than the target for the
month and 0.75% higherthan the production during corresponding period of last
year. Cumulative crude oil production during April, 2015-February, 2016 was 33887.63
TMT which is 0.17% higher than target for the period and 1.01% lower than the
production during corresponding period of last year. Unit-wise and state-wise
crude oil production is given at Annexure-I. Unit-wise crude oil production
(including condensate) for the month of February, 2016 and cumulatively for the
period April, 2015-February, 2016 vis-Ã -vis same period of last year has been
shown in Table-1.1 and month-wise in Figure-1.1
Table
1.1: Crude Oil Production (TMT)
|
Oil Company
|
Target
|
February (Month)
|
April-February (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
2014-15
|
% over last year
|
2015-16
|
2014-15
|
% over last year
|
|||
|
Target
|
Prod.
|
Prod.
|
Target
|
Prod.
|
Prod.
|
||||
|
ONGC
|
22732.00
|
1853.67
|
1780.73
|
1705.91
|
104.39
|
20741.72
|
20497.88
|
20314.95
|
100.90
|
|
OIL
|
3595.00
|
292.99
|
246.21
|
255.44
|
96.39
|
3278.72
|
2957.19
|
3122.87
|
94.69
|
|
PSC
Fields
|
10718.74
|
851.07
|
869.73
|
913.69
|
95.19
|
9808.98
|
10432.56
|
10796.55
|
96.63
|
|
Total
|
37045.74
|
2997.72
|
2896.67
|
2875.04
|
100.75
|
33829.42
|
33887.63
|
34234.36
|
98.99
|
Figure-1: Monthly Crude
Oil Production
1.2 ONGC’s
crude oil production during February, 2016 was 1780.73 TMT which is 3.93% lower
than the target for the month and 4.39%higher than the production achieved in
the corresponding month of last year. ONGC’s cumulative production during April,
2015-February, 2016 was 20497.88 TMT which is 1.18% lower than the cumulative
target and 0.90% higher than the production during the corresponding period of
last year. The shortfall in ONGC’s production was due to following reason:
Ø
Gujarat, Mehsana: Less air injection in
Santhal field, increase in water cut and power shut down.
Ø Gujarat,
Ahmedabad: Delayed / less gain from Gamij field. Power shutdown & lift
optimization.
Ø Gujarat,
Cambay: Less than envisaged production from Vadatal-1, NELP field due to
increase in water cut to around 80%.
Ø Assam:
Low gas injection pressure, power shutdown & closure of wells.
Ø Tamilnadu,
Karaikal: Less than anticipated production from Madanam field & closure of
wells due to less / nil off-take by consumers.
Ø Mumbai
High: Delay in commencement of production from B127 cluster. Less production
from Cluster-7 & WO-16 cluster.
1.3 OIL’s
crude oil production during February, 2016 was 246.21 TMT which is 15.96% lower
than the target for the month and 3.61% lower than the production achieved in
the corresponding month of last year. OIL’s cumulative production during April,
2015-February, 2016 was 2957.19 TMT which is 9.81% lower than the cumulative
target and 5.31% lower than the production during the corresponding period of
last year. Reasons for shortfall in production are given below:
Ø
Rise in water cut in wells in Salmari,
Dikom, Greater Chandmari and Greater Hapjan Fields
Ø Permanent
loss at Makum & Hapjan OCS
Ø Temporary
cessation of flow at well Makum No.48
Ø Loss
of production due to Assam bandh.
Ø Miscreant
activities in a number of wells affected gas lift operation leading to crude
oil production loss.
1.4
Pvt. /JVs’ crude oil production during February,
2016 was 869.73 TMT which is 2.19% higher than the target for the month and 4.81%lower
than production of corresponding month of last year. Pvt./JVs’ cumulative
production during April, 2015-February, 2016 was 10432.56 TMT which is 6.36%
higher than the cumulative target and 3.37% lower than the production during
the corresponding period of last year. Reasons for shortfall in production are
given below:
Ø
Cairn: Natural decline in Ravva, Mangala
and underperformance of Bhagyam wells in RJ-ON-90/1.
Ø RIL:
Under performance of wells in KG-D6.
Ø GSPC:
Well completion issues in KG-OSN-2001/3.
Ø M&S
Tapti field proposed for abandonment.
Ø GEOENPRO:
Sand ingress in Kharsang.
2.
Natural Gas Production
2.1 Natural
Gas Production during February, 2016 was 2565.01
MMSCM which is 9.83% lower than the target for the month and 1.24% higher than
the production during corresponding period of last year. Cumulative natural gas
production during April, 2015-February, 2016 was 29709.55 MMSCM which is 7.83%
lower than the target for the period and 3.60% lower than the production during
corresponding period of last year. Unit-wise and state-wise natural gas
production is given at Annexure-II. Unit-wise natural gas production for the
month of February, 2016 and cumulatively for the period April, 2015-February,
2016 vis-Ã -vis same period of last year has been shown in Table-2.1 and month-wise
in Figure-2.1.
Table
2.1: Natural Gas Production (MMSCM)
|
Oil Company
|
Target
|
February (Month)
|
April-February (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
2014-15
|
% over last year
|
2015-16
|
2014-15
|
% over last year
|
|||
|
Target
|
Prod.
|
Prod.
|
Target
|
Prod.
|
Prod.
|
||||
|
ONGC
|
23908.00
|
1955.41
|
1730.87
|
1657.07
|
104.45
|
21816.84
|
19533.88
|
20152.46
|
96.93
|
|
OIL
|
3009.97
|
234.79
|
218.48
|
202.29
|
108.00
|
2754.36
|
2584.26
|
2490.14
|
103.78
|
|
PSC
Fields
|
8361.91
|
654.42
|
615.66
|
674.17
|
91.32
|
7662.36
|
7591.42
|
8176.59
|
92.84
|
|
Total
|
35279.88
|
2844.62
|
2565.01
|
2533.53
|
101.24
|
32233.56
|
29709.55
|
30819.19
|
96.40
|
Figure-2.1: Monthly Natural Gas Production
2.2 ONGC’s
natural gas production during February, 2016 was 1730.87MMSCM which is 11.48%
lower than the target for the month and 4.45% higher than the production
achieved in the corresponding month of last year. ONGC’s cumulative natural gas
production during April, 2015-February, 2016 was 19533.88MMSCM which is 10.46% lower
than the cumulative target and3.07% lower than the production during the
corresponding period of last year. Reasons for the shortfall are given below:
Ø
Eastern
Offshore: Delay
in commencement of production from one deep water well (S2AB) planned from
June’15 and restricted withdrawal by GAIL.
Ø Bassein &
Satellite: Consequential
losses post BPA shutdown as the wells are yet to achieve original potential.
Less than expected production from new development/side track wells and decline
in Bassein field.
Ø Mumbai
High: Delay in commencement of production from B127 cluster.
Ø Gujarat:Closure of wells
due to unplanned shut down of GAIL Gas line from Ahmedabad/Kalol to Ramol.
Decline in associated gas production from Jhalora South Kadi & Gamji
fields.
Ø Andhra Pradesh:Closure of 36
wells as GAIL pipelines in Tatipaka-Lanco & Endamaru-Oduru sections still
under repair.
Ø Tamil-Nadu: Closure of wells
due to less off-take by consumers in Ramnad / Kovilkallapal area in Karaikal.
Ø Assam: Decline in
associated gas production in Geleki, Lakwa & Rudrasagar fields.
Ø Tripura: Less off take by
OTPC, Baramura TSECL & NEEPCO Monarchak, etc.
2.3
OIL’s natural gas production during February,
2016 was 218.48MMSCM which is 6.95% lower than the target for the month and 8.00%higher
than the production achieved in the corresponding month of last year. OIL’s
cumulative natural gas production during April, 2015-February, 2016 was 2584.26
MMSCM which is 6.18% lower than the cumulative target and 3.78% higher than the
production during the corresponding period of last year. Reasons for the
shortfall are given below:
Ø Lower
upliftment by the consumers like BCPL and BVFCL.
2.4
Pvt. /JVs’ natural gas production
during February, 2016 was 615.66MMSCM which is 5.92% lower than the target for
the month and 8.68% lower than the production achieved in the corresponding
month of last year. Pvt. /JV’s cumulative natural gas production during April,
2015-February, 2016 was 7591.42 MMSCM which is 0.93% lower than the cumulative
target and 7.16% lower than the production during the corresponding period of
last year. Reasons for the shortfall are given below:
Ø RIL
(KG-D6):Underperformance of wells due to sand ingress and water loading.
Ø GSPC:
Well completion issues in KG-OSN-2001/3
Ø Other
operators: Natural Decline in Gas production of Ravva, Panna-Mukta, PY-1 and
Hazira. Operator proposed for M&S Tapti’s field abandonment.Less
off-take by GAIL from RJ-ON/6. Delay in start of production in PY-3
Ø
CBM:
De-watering issues in CBM-blocks of Raniganj East,
Raniganj South and Sohagpur West.
3. Refinery
Production (in terms of Crude oil processed)
3.1 Refinery production
during February, 2016 was 19001.29TMT which is 4.03% higher than the target for
the month and 8.05% higher than the productionduring corresponding period of
last year. Cumulative production during April, 2015-February, 2016 was 210168.73
TMT which is 2.39% higher than the target for the period and 3.05% higher than
the production during corresponding period of last year. Unit-wise production
is given at Annexure-III. Unit-wise production for the month of February, 2016
and cumulatively for the period April, 2015-February, 2016 vis-Ã -vis same
period of last year has been shown in Table-3.1 and month-wise in Figure-3.1.
Table
3.1: Refinery Production (TMT)
|
Oil Company
|
Target
|
February (Month)
|
April-February (Cumulative)
|
||||||
|
2015-16 (Apr-Mar)
|
2015-16
|
2014-15
|
% over last year
|
2015-16
|
2014-15
|
% over last year
|
|||
|
Target
|
Actual
|
Actual
|
Target
|
Actual
|
Actual
|
||||
|
IOCL
|
54999.99
|
4442.45
|
4634.72
|
4169.53
|
111.16
|
50163.28
|
51193.45
|
48871.18
|
104.75
|
|
BPCL
|
23197.00
|
1833.00
|
1991.94
|
1873.12
|
106.34
|
21220.00
|
21985.16
|
21086.22
|
104.26
|
|
HPCL
|
16199.88
|
1345.11
|
1478.51
|
1361.21
|
108.62
|
14761.83
|
15618.20
|
14626.99
|
106.78
|
|
CPCL
|
10800.10
|
885.88
|
922.29
|
838.27
|
110.02
|
9851.64
|
8684.79
|
9848.95
|
88.18
|
|
NRL
|
2700.00
|
223.00
|
203.01
|
216.38
|
93.82
|
2460.00
|
2284.12
|
2592.87
|
88.09
|
|
MRPL
|
15250.00
|
1300.00
|
1325.63
|
1193.97
|
111.03
|
13800.00
|
13997.16
|
13146.30
|
106.47
|
|
ONGC
|
60.88
|
5.08
|
7.19
|
4.15
|
173.18
|
55.54
|
59.67
|
46.33
|
128.77
|
|
BORL
|
5200.00
|
500.00
|
502.20
|
465.27
|
107.94
|
4700.00
|
5763.87
|
5687.13
|
101.35
|
|
HMEL
|
9000.00
|
713.11
|
699.60
|
538.38
|
129.94
|
8237.70
|
9776.75
|
6400.06
|
152.76
|
|
RIL
|
68041.55
|
5326.66
|
5566.21
|
5326.66
|
104.50
|
62901.96
|
63476.14
|
62901.96
|
100.91
|
|
EOL
|
18792.76
|
1690.90
|
1669.99
|
1598.31
|
104.48
|
17101.86
|
17329.43
|
18737.35
|
92.49
|
|
TOTAL
|
224242.16
|
18265.20
|
19001.29
|
17585.24
|
108.05
|
205253.82
|
210168.73
|
203945.34
|
103.05
|
Figure 3.1: Monthly Refinery Production (TMT)
3.2
PSU Refineries’ production during February, 2016 was 10563.29TMT which is 5.27%
higher than the target for the month and 9.39% higher than the production
achieved in the corresponding month of last year. Cumulative production of PSUs
during April, 2015-February, 2016 was 1113822.54 TMT which is 1.34% higher than
the cumulative target and3.27% higher than the production during the
corresponding period of last year. Reasons for shortfalls in PSU refineries are
given below:
v IOCL,
Guwahati: Deferment of planned shutdown.
v NRL,
Numaligarh:Restricted throughput due to lower availability of Assam crude.
3.3 Production
in JV refineries during February, 2016 was 1201.80TMT which is 0.93% lower
than the target for the month and 19.74% higher than the production achieved in
the corresponding month of last year. Cumulative production in JV refineries
during April, 2015-February, 2016 was 15540.61 TMT which is 20.12% higher than
the cumulative target and28.57% higher than the production during the
corresponding period of last year. Reasons for shortfalls in JV refineries are
given below:
v HMEL,
Bhatinda: Planned shutdown of DHDT unit.
3.4
Production in private refineries during February,
2016 was 7236.20TMT which is 3.12% higher than the target for the month and 4.49%
higher than the production achieved in the corresponding month of last year.
Cumulative production in private refineries during April, 2015-February, 2016
was 80805.57 TMT which is1.00% higher than the cumulative target and1.02% lower
than the production during the corresponding period of last year.
3.5 Refinery-wise
details of the capacity utilization and Production of petroleum products during
the month of February, 2016 and cumulatively for the period April, 2015-February,
2016 vis-Ã -vis April, 2014-February, 2015 are given at Annexures-IV and V
respectively.
Post a Comment