Vedanta Reports Record Oil, Gas Production
Oil and mining conglomerate Vedanta Resources reported record oil and gas production for the three-month period to September 30 as it continues exploration drilling on its Rajasthan block in India.
During the second quarter of its 2014 financial year, average gross operated production and working-interesting production were 213,299 barrels of oil equivalent per day and 132,862 boepd respectively. These figures were both three percent greater than for 2Q 2013.
Vedanta said gross production at its Rajasthan block was two percent greater during the quarter at 175,478 boepd, while production at its Cambay block was 27 percent greater at 8,671 boepd due to new infill wells and one work-over well that had been put into production during the first quarter. Production at its Ravva block was two percent higher at 29,151 boepd.
Vedanta added that exploration drilling continues in the Rajasthan block, with the current program targeting half of the 530 million barrels of gross recoverable, risked prospective resource base. These resources include "considerable" deep gas prospects.
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