Cairn India Ltd. reported a 7% decline in production in its latest quarter. The company cited a planned maintenance shutdown at its Mangala processing terminal on the Rajasthan block as well as natural declines in production from offshore assets.
Cairn’s gross operated production in the third quarter of fiscal year 2017 averaged 181,818 boe/d compared with 196,399 boe/d in the second quarter.
The Rajasthan block averaged 154,272 boe/d in production in the third quarter, down from the 167,699 boe/d that was produced in the second quarter.
For Cairn’s 9-month period, production also declined 7%. Declines were partially offset by volume increases from enhanced oil recovery in Mangala and reservoir management elsewhere, Cairn India said.
