Categories: ASSAM NEWS

OIL’s Natural gas production increases to 1459 MMSCM


GUWAHATI: Oil India Limited, India’s second-largest National Exploration & Production (E&P Company under the leadership of CMD Sushil Chandra Mishra, in its 507th board meeting held recently approved the Q2 and H1 FY 2019-20 results, stated a press release.

The performance highlights are as follows: The natural gas production registered an increase and rose to 1459 MMSCM during the first half-year of FY2019-20 as compared to 1430 MMSCM during H1 FY2018-19. Crude Oil production stood at 1.63 MMT during H1 FY 2019-20 as against 1.70 MMT during H1 FY2018-19.

Due to a fall in international crude oil prices, the average Crude Oil price realization is lower by 12.29% to USD 63.81/BBL in H1 FY2019-20 as compared to USD 72.75/BBL during H1 FY2018-19.

Average Crude Oil price realization during Q2 FY2019-20 was USD 61.30/BBL which was lower by 16.51% as compared to USD 73.42/BBL during Ql FY2018-19. Natural gas price realization during H1 FY 2019-20 improved to USD 3.69/MMBTU as compared to USD 3.06/MMBTU in H1FY 2018-19. EBITDA for H1 FY2019-20 was lower by 9.43% at Rs 2,986.67 crore as compared to EBITDA of Rs 3,297.62 crore in H1 FY2018-19.

Also Read: Piped Natural Gas In 5 Districts of Assam: Chandra Mohan Patowary

Also Watch: Assam TET 2019 to be held tomorrow morning

Recent Posts

Prime Minister Narendra Modi asked to prove Indian citizenship in RTI application

  NEW DELHI:  Joshy Kalluveettil from Kerala filed a Right to Information application seeking documents that can prove Prime Minister… Read More

4 hours ago

Chidambaram of Congress: NPR is NRC in disguise; lauds students for protests on CAA

GUWAHATI: Senior Congress leader P. Chidambaram said that the NPR process is "disguised" to carry out NRC in the country.… Read More

6 hours ago

APFBC Society Recruitment 2020

APFBC Society Recruitment 2020 Project Management Unit (PMU), APFBC Society invites online application from eligible candidates for Engineer (Building) and Computer… Read More

6 hours ago

Directorate of Forensic Science Services Recruitment 2020

Directorate of Forensic Science Services Recruitment 2020 Filling up of eight posts of Assistant (Group ‘B’ Non – Gazetted, Ministerial)… Read More

6 hours ago

Recruitment in Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) 2020

Recruitment in Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) 2020 BVFCL Recruitment 2020 notification regarding filling of Apply Online/ Offline for… Read More

6 hours ago

Piyush Goyal: Statue of Unity in Guj to create “economic ecosystem” worth Rs 1 lakh crore

NEW DELHI: Piyush Goyal, Minister of Railways and Commerce & Industry, Government of India told reporters that Sardar Patel's, Statue… Read More

7 hours ago