Vedanta Oil and Gas Reports Q1 Production, Focusing on Growth Pipeline Amid Decline Arrest Efforts
Mumbai, July 3, 2026: Vedanta Oil and Gas Limited has announced its production numbers for the First Quarter ended June 30, 2026. The company is advancing a strong pipeline of near-and medium-term growth opportunities through exploration drilling, enhanced oil recovery (ASP), and additional infill campaigns, all aimed at arresting decline and enhancing resources.The company's operational performance metrics were released, indicating the current production levels across key assets. Average Daily Gross Operated Production in the first quarter stood at 77.7 kboepd, marking a 5% decrease Quarter-on-Quarter (QoQ).
A detailed breakdown of the operational and output figures is provided below:
| Particulars | FY 2027 (1Q) | FY 2026 (1Q) | % Change (QoQ) | FY 2026 (4Q) | % Change (QoQ) |
|---|---|---|---|---|---|
| Average Daily Gross Operated Production (kboepd) | 77.7 | 93.2 | (17%) | 81.5 | (5%) |
| Rajasthan (kboepd) | 63.1 | 74.6 | (15%) | 67.1 | (6%) |
| Ravva (kboepd) | 7.0 | 8.4 | (17%) | 7.4 | (6%) |
| Cambay 1 (kboepd) | 4.6 | 6.8 | (32%) | 3.8 | 21% |
| OALP (kboepd) | 3.1 | 3.5 | (12%) | 3.1 | (3%) |
| Average Daily Working Interest Production (kboepd) | 51.1 | 60.8 | (16%) | 53.9 | (5%) |
| Rajasthan (kboepd) | 44.2 | 52.2 | (15%) | 47.0 | (6%) |
| Ravva (kboepd) | 1.6 | 1.9 | (17%) | 1.7 | (6%) |
| Cambay (kboepd) | 1.8 | 2.7 | (32%) | 1.5 | 21% |
| KG-ONN 2003/1 (kboepd) | 0.5 | 0.5 | (0%) | 0.5 | (3%) |
| OALP (kboepd) | 3.1 | 3.5 | (12%) | 3.1 | (3%) |
| Oil and Gas - Gross (million boe) | |||||
| Oil and Gas - Gross | 7.1 | 8.5 | (17%) | 7.3 | (4%) |
| Oil and Gas - Working Interest (million boe) | 4.7 | 5.5 | (16%) | 4.8 | (4%) |
Cambay Block Status Remains Sub-Judice
Regarding the status of the Cambay block, Vedanta has been engaged in ongoing litigation related to a prior decision by MoPNG regarding the PSC extension application, which was informed to contractors on September 19, 2025. The Hon'ble Delhi High Court directed the parties to maintain status quo vide its order dated January 6, 2026. Consequently, Vedanta continues to operate the Block, and Cambay block average production per day reflects volume up until June 30, 2026, remaining subject to the outcome of the current litigation.Company Overview
Vedanta Oil and Gas Limited is positioned as India's leading private sector oil and gas exploration and production company. Operating under the brand 'Cairn', the company holds interests in 44 blocks spanning over 47,000 sqkm of acreage across various hydrocarbon basins in Rajasthan, Andhra Pradesh, Gujarat, and Assam. The combined gross 2P (proved plus probable) and 2C (contingent) resources stand at 1.4 bnboe.Vedanta Oil & Gas aims to significantly expand domestic production towards India's energy security and economic growth while remaining committed to achieving Net Zero and advancing responsible energy development for the nation, communities, and shareholders.
VOGL Stock Price Movement
Vedanta Oil and Gas Limited saw shares tumble by 4.06% in Friday's session, closing at ₹42.79 after an intraday range that included the stock achieving its 52-week high.The equity settled amidst a heavy trading volume of 275.82 million shares, reflecting significant selling pressure across the day's movement.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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