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Vedanta Oil & Gas Faces 19% Production Drop in Q2 FY27 Amidst Operational Challenges
C
CNBC Awaaz•04-10-2026, 18:39
Vedanta Oil & Gas Faces 19% Production Drop in Q2 FY27 Amidst Operational Challenges
- •Vedanta Oil & Gas reported a 19% decrease in average daily gross operated production, falling to 72.2 Kboepd in Q2 FY27 from 89.1 Kboepd last year.
- •Rajasthan's production declined by 15% to 59.9 Kboepd, attributed to natural decline, while Ravva saw successful optimization efforts.
- •Cambay's production plummeted by 83% to 1.1 Kboepd, as ONGC took over operations from July 24, 2026, following a dispute over PSC extension.
- •Total oil and gas production for Q2 FY27 was 6.6 million boe, an 18% decrease in working interest production.
- •The company is focusing on production optimization and enhanced oil recovery projects to counter decline and boost future output.
Key Questions Answered
Vedanta Oil & Gas reported an average daily gross operated production of 72.2 Kboepd for the second quarter of financial year 2026-27, which represents a 19% decrease compared to 89.1 Kboepd in the same quarter of the previous year.
In 2Q FY27, Rajasthan's average daily gross operated production was 59.9 Kboepd, marking a 15% decrease from 70.9 Kboepd recorded a year ago.
The MoPNG informed contractors on September 19, 2025, that their PSC extension application was rejected, and after Vedanta's Delhi High Court challenge was dismissed on July 22, 2026, ONGC took over full block operations on July 24, 2026.
