Vedanta Oil & Gas Q1 output falls 17% as production declines across key fields

Vedanta Oil and Gas Ltd reported a 17% year-on-year decline in its average daily gross operated production for the quarter ended June 30, with output falling to 77.7 kboepd (thousand barrels of oil equivalent per day). Production was also 5% lower sequentially.

Average daily working interest production stood at 51.1 kboepd, down 16% year-on-year and 5% quarter-on-quarter.

Among key assets, production from the Rajasthan block declined 15% year-on-year to 63.1 kboepd, while Ravva output fell 17% to 7.0 kboepd. Production from the Cambay asset dropped 32% to 4.6 kboepd, while output from OALP blocks declined 12% to 3.1 kboepd.

During the quarter, total gross oil and gas production stood at 7.1 million barrels of oil equivalent (boe), compared with 8.5 million boe a year earlier, while working interest production declined to 4.7 million boe from 5.5 million boe.

The company said it continues to advance a pipeline of near- and medium-term growth opportunities, including ongoing exploration drilling, enhanced oil recovery projects and additional infill drilling campaigns aimed at arresting production decline and enhancing output and resources.

Also Read: Vedanta Q4 Results: Leverage ratio at the best level in 14 quarters; Revenue jumps 47%

Shares of Vedanta Oil and Gas Ltd ended 4.06% lower at ₹42.78 on the NSE on Friday, ahead of the company’s announcement of its production update for the quarter ended June 30, 2026.

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