Covid-19 affects domestic oil and gas production in April 2020

Domestic crude oil production fell 6.35 percent, 18.62 percent decline in gas

Domestic oil and gas production and petroleum products production declined drastically due to demand for the Covid-19 lockdown hit during April 2020.

The refinery output (a measure of total crude oil processed in the country) during April 2020 was 14.75 million tonnes. It is 28.78 percent lower than the refinery production during April 2019, an official statement said.

An official statement said that the lack of petroleum products due to the Covid-19 lockdown has led to a decrease in refinery production.

Domestic crude oil production was 2.5 million tonnes during April 2020, while natural gas production was 2161.33 million standard cubic meters.

Compared to April 2019, gas production was down by 18.62 percent while crude oil production was down 6.35 percent.

The statement said that there was a decrease in oil production due to the closure of wells in the western offshore due to less closure by GAIL due to the Covid-19 lockdown. Movements for field operations in onshore areas were also banned due to the lockdown.

The statement also stated that the decrease in gas production is mainly due to reduced gas shortage by consumers due to lockdown.

Post a Comment