Date: October 3, 2026

Production Release Summary

Vedanta Oil and Gas Limited announced its production numbers for the second quarter ended September 30, 2026.

Production Performance

Q2 FY27 Production Highlights:

  • Average Daily Gross Operated Production: 72.2 kboepd (thousands of barrels of oil equivalent per day)
  • Year-over-Year Change: Down 19% from 89.1 kboepd in Q2 FY26
  • Quarter-over-Quarter Change: Down 7% from 77.7 kboepd in Q1 FY27

Asset-wise Gross Production Breakdown (kboepd):

  • Rajasthan: 59.9 kboepd (down 15% YoY from 70.9 kboepd)
  • Ravva: 8.1 kboepd (down 1% YoY from 8.2 kboepd)
  • Cambay: 1.11 kboepd (down 83% YoY from 6.5 kboepd)
  • OALP: 3.1 kboepd (down 15% YoY from 3.6 kboepd)

Working Interest Production:

  • Average Daily Working Interest Production: 47.8 kboepd (down 18% YoY from 58.2 kboepd)
  • Quarter-over-Quarter Change: Down 7% from 51.1 kboepd in Q1 FY27

Total Oil and Gas Production (million boe):

  • Gross: 6.6 million boe (down 19% YoY from 8.2 million boe)
  • Working Interest: 4.4 million boe (down 18% YoY from 5.4 million boe)

First Half FY27 Performance:

  • Average Daily Gross Operated Production: 74.9 kboepd (down 18% YoY from 91.2 kboepd)
  • Total Gross Production: 13.7 million boe (down 18% YoY from 16.7 million boe)
  • Total Working Interest Production: 9.0 million boe (down 17% YoY from 10.9 million boe)

Operational Context

The QoQ production decline of 7% was attributed to natural decline at Rajasthan, partially offset by successful implementation of production optimization initiatives at Ravva (which showed 16% QoQ growth).

Legal and Regulatory Update - Cambay Block

A significant development affected the Cambay block production:

  • On September 19, 2025, MoPNG informed the contractors (a three-party Joint Venture with Vedanta as Operator) that their application for PSC extension hadn't been accepted
  • Vedanta challenged this rejection before Delhi High Court by way of a writ, which was dismissed on July 22, 2026
  • Vedanta has filed a challenge to the dismissal before the Division Bench of Delhi High Court, and the matter is presently sub-judice
  • Pursuant to MoPNG's directions dated September 19, 2025, ONGC took over complete operations of the Block from July 24, 2026
  • Cambay block average production per day has been factored only until July 21, 2026

Company Overview

Vedanta Oil and Gas Limited (formerly Malco Energy Limited) is 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 India, with gross 2P (proved plus probable) and 2C (contingent) resources of 1.3 billion barrels of oil equivalent.

Forward-Looking Statements Disclaimer

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