Vedanta Oil and Gas Limited submitted a production release to BSE and NSE pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the first quarter ended June 30, 2026.

The company announced its production numbers with the theme "Arresting Base decline and building future growth funnel." Vedanta Oil & Gas is advancing a strong pipeline of near-and medium-term growth opportunities, including exploration drilling (ongoing), enhanced oil recovery (ASP), and additional infill campaigns aimed at arresting decline, enhancing production and resources.

Key Production Figures (in kboepd)

Average Daily Gross Operated Production:

  • Q1 FY2027: 77.7 kboepd
  • Q1 FY2026: 93.2 kboepd (17% decrease YoY)
  • Q4 FY2026: 81.5 kboepd (5% decrease QoQ)

Breakdown by Asset (Gross Operated Production):

  • Rajasthan: 63.1 kboepd in Q1 FY2027 (down 15% YoY from 74.6 kboepd, down 6% QoQ from 67.1 kboepd)
  • Ravva: 7.0 kboepd in Q1 FY2027 (down 17% YoY from 8.4 kboepd, down 6% QoQ from 7.4 kboepd)
  • Cambay: 4.6 kboepd in Q1 FY2027 (down 32% YoY from 6.8 kboepd, up 21% QoQ from 3.8 kboepd)
  • OALP: 3.1 kboepd in Q1 FY2027 (down 12% YoY from 3.5 kboepd, down 3% QoQ from 3.1 kboepd)

Average Daily Working Interest Production:

  • Q1 FY2027: 51.1 kboepd
  • Q1 FY2026: 60.8 kboepd (16% decrease YoY)
  • Q4 FY2026: 53.9 kboepd (5% decrease QoQ)

Breakdown by Asset (Working Interest Production):

  • Rajasthan: 44.2 kboepd in Q1 FY2027 (down 15% YoY from 52.2 kboepd, down 6% QoQ from 47.0 kboepd)
  • Ravva: 1.6 kboepd in Q1 FY2027 (down 17% YoY from 1.9 kboepd, down 6% QoQ from 1.7 kboepd)
  • Cambay: 1.8 kboepd in Q1 FY2027 (down 32% YoY from 2.7 kboepd, up 21% QoQ from 1.5 kboepd)
  • KG-ONN 2003/1: 0.5 kboepd in Q1 FY2027 (0% change YoY from 0.5 kboepd, down 3% QoQ from 0.5 kboepd)
  • OALP: 3.1 kboepd in Q1 FY2027 (down 12% YoY from 3.5 kboepd, down 3% QoQ from 3.1 kboepd)

Total Oil and Gas Volumes:

  • Gross: 7.1 million boe in Q1 FY2027 (down 17% YoY from 8.5 million boe, down 4% QoQ from 7.3 million boe)
  • Working Interest: 4.7 million boe in Q1 FY2027 (down 16% YoY from 5.5 million boe, down 4% QoQ from 4.8 million boe)

Legal Context for Cambay Production

On September 19, 2025, the Ministry of Petroleum and Natural Gas (MoPNG) informed the contractors of the Cambay block (a three-party Joint Venture with Vedanta as Operator) that their application for PSC extension had not been accepted. Vedanta has challenged this rejection before the Delhi High Court.

The Hon'ble Delhi High Court, vide its order dated January 6, 2026, directed the parties to maintain status quo. Accordingly, Vedanta continues to operate the Block. The Cambay block average production per day factors volume till June 30, 2026, and is subject to the outcome of the litigation. The matter is currently sub-judice.

Company Background

Vedanta Oil and Gas Limited (formerly known as Malco Energy Limited) is India's leading private sector oil and gas exploration and production company. It holds interests in 44 blocks spanning over 47,000 sqkm of acreage across India, with gross 2P (proved plus probable) and 2C (contingent) resources of 1.4 billion barrels of oil equivalent. Its producing assets span key hydrocarbon basins in Rajasthan, Andhra Pradesh, Gujarat, and Assam.

Disclaimer Note

The company notes that Vedanta Oil and Gas Limited became effective on May 1, 2026, while the operational performance is presented for the full quarter of the business constituents of VOGL as they exist at the end of the first quarter of FY2027 for meaningful like-for-like comparison with historical performance.

The release contains forward-looking statements addressing expected future business and financial performance, which are subject to uncertainties including financial and crude oil and gas market behavior, integration of acquired businesses, and matters of political, economic, business, competitive or regulatory nature.