Oil India Board approves Q2 results

Oil India Board in its 507th board meeting held on November 9, 2019 approved the Q2 and H1 FY 2019-20 results. Crude Oil production during H1 FY 201920 is 1.63 MMT as against 1.70 MMT during H1 FY 2018-19. Natural gas production during H1 FY 2019-20 increased to 1459 MMSCM from 1430 MMSCM during H1 FY 201819. Due to fall in crude oil prices, average crude oil price realisation is lower by 12.29% to USD 63.81/BBL in H1 FY 2019-20 as compared to USD 72.75/BBL during H1 FY 2018-19.