Vedanta Oil and Gas Achieves 34% EBITDA Growth and Reports New Discoveries in Q2FY27

The company’s profit after tax from continuing operations stood at ₹746 crore in Q2FY27. The production optimization initiatives, including well interventions and artificial lift enhancements, helped to arrest decline particularly at the Ravva asset, contributing to stable overall production.

Average daily gross operated production was 72.2 thousand barrels of oil equivalent per day (kboepd) with working interest production at 47.8 kboepd in Q2FY27. Total gross oil and gas production reached 6.6 million barrels of oil equivalent (boe), and working interest production was 4.4 million boe for the quarter.

Vedanta was active in exploration with three hydrocarbon discoveries in Rajasthan’s Kaameshwari, Saraswati and Raageshwari fields during the first half of FY27. The commercial viability of these deep-gas and shallow-oil finds is under evaluation.

The company was also recently awarded two offshore blocks in the Krishna Godavari Basin under the DSF IV bid round, supporting its strategy to expand offshore operations and tap India's untapped hydrocarbon resources.

Vedanta Oil and Gas, operating under the Cairn brand, holds interests in 45 blocks totaling approximately 47,000 square kilometers across India, with combined 2P and 2C resources of around 1.3 billion barrels of oil equivalent (bnboe).