Q2 FY27 production release: average daily gross operated output at 72.2 kboepd, down 19% YoY

Q2 FY27 production release: average daily gross operated production 72.2 kboepd, down 19% YoY and 7% QoQ.

Sat 3 Oct 2026

Average daily gross operated production (2Q FY27)

72.2 kboepd, down 19% YoY and 7% QoQ

Average daily working interest production (2Q FY27)

47.8 kboepd, down 18% YoY

Cambay production

1.11 kboepd, down 83% YoY; ONGC took over the block's operations from 24 July 2026

Ravva production

8.1 kboepd, up 16% QoQ

1H FY27 gross operated production

74.9 kboepd against 91.2 kboepd in 1H FY26 (18%)

Vedanta Oil and Gas Ltd released its production numbers for the second quarter ended September 30, 2026. This is an operational update on output from its fields.

Headline production numbers

• Average daily gross operated production: 72.2 kboepd in 2Q FY27, against 89.1 kboepd in 2Q FY26 and 77.7 kboepd in 1Q FY27 — a change of 19% year-on-year and 7% quarter-on-quarter.
• Average daily working interest production: 47.8 kboepd, against 58.2 kboepd a year earlier (18%) and 51.1 kboepd in the previous quarter (7%).
• First half FY27: average daily gross operated production 74.9 kboepd against 91.2 kboepd in 1H FY26 (18%); working interest production 49.4 kboepd against 59.5 kboepd (17%).
• Total oil and gas: 6.6 million boe gross and 4.4 million boe on a working interest basis in 2Q FY27, against 8.2 million boe and 5.4 million boe in 2Q FY26. For 1H FY27, 13.7 million boe gross and 9.0 million boe working interest, against 16.7 million boe and 10.9 million boe a year earlier.

How each asset did (average daily gross operated production, unless stated)

• Rajasthan: 59.9 kboepd, a change of 15% year-on-year and 5% quarter-on-quarter.
• Ravva: 8.1 kboepd, a change of 1% year-on-year but 16% up quarter-on-quarter. The release says this was supported by successful production optimisation initiatives at Ravva.
• Cambay: 1.11 kboepd, a change of 83% year-on-year and 76% quarter-on-quarter.
• OALP: 3.1 kboepd, a change of 15% year-on-year and 0% quarter-on-quarter.
• KG-ONN 2003/1 (working interest): 0.5 kboepd, a change of 14% year-on-year and 7% quarter-on-quarter.

What the release says about the Cambay block

• On 19th September 2025, the Ministry of Petroleum and Natural Gas informed the contractors of the block (a three-party joint venture, including Vedanta as operator) that their application for PSC extension had not been accepted.
• Vedanta challenged that rejection before the Delhi High Court by way of a writ, which was dismissed on 22nd July 2026. A challenge to the dismissal has been shared before the Division Bench of the Delhi High Court, and the matter is presently sub-judice.
• In the interim, pursuant to the directions of MoPNG vide its letter dated 19th September 2025, ONGC has taken over the complete operations of the block from 24th July 2026.
• The release states that Cambay block average production per day has been factored only till 21st July 2026.

How the company frames it

• The release is titled "Arresting Base decline and building future growth funnel".
• It says the company continues to advance through production optimisation initiatives and enhanced oil recovery projects from mature fields to arrest decline, and is pursuing growth through a mix of near-to-medium term opportunities to increase production and reserves.
• It describes the portfolio as interests in 44 blocks spanning over 47,000 sqkm of acreage, with gross 2P (proved plus probable) and 2C (contingent) resources of 1.3 bnboe.

What a reader can take away

• Every headline output measure in the release is lower than both the year-ago quarter and the immediately preceding quarter.
• Ravva is the asset that improved on a sequential basis, which the release attributes to optimisation work there.
• The steep fall at Cambay lines up with the block's operations moving to ONGC from 24th July 2026 and production being counted only till 21st July 2026, as described in the release.
• The release also carries forward-looking statements about future business performance, with the company noting that actual results may differ materially.

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