Vedanta cuts oil production at its Rajasthan block

Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to the nationwide lockdown, have reduced intake. Production has fallen to 160,000 barrels of oil equivalent per day (boepd) from 180,000-190,000 boepd. Some oil customers are buying at reduced rates due to demand issues and maintenance activities. Gas customers have declared force majeure on partial volumes with the corresponding impact on gas and associated oil production.