Cairn India said on Friday that its average daily gross output from all its producing fields fell by 9 per cent during the second quarter of fiscal 2014-15 to 194,508 barrels of oil equivalent per day (oil plus some gas).
In the same quarter last year, the company was producing 213,299 boepd.
“At Rajathan, we successfully completed the planned shutdown announced in the first quarter for routine operational and statutory maintenance, which resulted in lower production. We are back to normal production levels at Rajasthan after the shutdown. Excluding the shutdown period, second quarter production was comparable to first quarter,” Cairn India said in a statement.
In Rajasthan, average daily gross output fell 7 per cent to 163,262 boepd during the quarter against 175,478 boepd in the same quarter last year.
The company’s total oil and gas production from all fields during the quarter was also 9 per cent lower at 17.89 million barrels of oil equivalent against 19.62 in the same quarter last year.
“At Ravva, gas sales have been suspended since July 4 on account of one of the customers undertaking a major unplanned maintenance activity within their Andhra Pradesh pipeline network. Hence, production from Ravva was lower during the quarter, despite a positive oil contribution from the 4D infill well campaign,” the statement added.
From Ravva, average daily gross output was 29 per cent lower during the quarter at 20,596 boepd against 29,151 boepd.
On Friday, Cairn’s shares closed 4.52 per cent lower on the BSE at ₹285.