India's Natural Gas Production: A TurnaroundFinancial Year Total Gas Production Change (%) Offshore Production Onshore Production 2011-12 47.55 (8.92) 38.47 9 2012-13 40.67 (14.46) 31.80 8.87 2013-14 35.40 (13) 26.39 9.01 2014-15 33.65 (5) 24.86 8.79 2015-16 32.24 (4.19) 23.01 9.23 2016-17 31.89 (1.08) 22.03 9.85 2017-18 32.64 2.35 22.01 10.63
All Figures in Billion Cubic Meter (BCM)
Source: Ministry of Petroleum and Natural Gas (MoPNG)
This solution analyzes India's natural gas offshore production data to determine the year with the most significant decline compared to the previous year.
Offshore Production Data Extraction
The offshore production figures (in Billion Cubic Meter - BCM) are extracted from the provided table:
- 2011-12: 38.47 BCM
- 2012-13: 31.80 BCM
- 2013-14: 26.39 BCM
- 2014-15: 24.86 BCM
- 2015-16: 23.01 BCM
- 2016-17: 22.03 BCM
- 2017-18: 22.01 BCM
Offshore Production Change Calculation
To find the year with the largest fall, we calculate the percentage change in offshore production for each financial year relative to the preceding year using the formula:
$ \text{Percentage Change} = \frac{(\text{Current Year Production} - \text{Previous Year Production})}{\text{Previous Year Production}} \times 100\% $
Offshore Production Change Analysis
| Financial Year | Offshore Production (BCM) | Previous Year Production (BCM) | Change Calculation | Percentage Change (%) |
| 2012-13 | 31.80 | 38.47 | $ \frac{(31.80 - 38.47)}{38.47} \times 100 $ | -17.34 |
| 2013-14 | 26.39 | 31.80 | $ \frac{(26.39 - 31.80)}{31.80} \times 100 $ | -17.00 |
| 2014-15 | 24.86 | 26.39 | $ \frac{(24.86 - 26.39)}{26.39} \times 100 $ | -5.80 |
| 2015-16 | 23.01 | 24.86 | $ \frac{(23.01 - 24.86)}{24.86} \times 100 $ | -7.44 |
| 2016-17 | 22.03 | 23.01 | $ \frac{(22.03 - 23.01)}{23.01} \times 100 $ | -4.26 |
| 2017-18 | 22.01 | 22.03 | $ \frac{(22.01 - 22.03)}{22.03} \times 100 $ | -0.09 |
Maximum Offshore Production Decline Year
By comparing the calculated percentage changes, we identify the year with the largest negative value, signifying the most significant fall in offshore production.
- The percentage changes are: -17.34% (2012-13), -17.00% (2013-14), -5.80% (2014-15), -7.44% (2015-16), -4.26% (2016-17), -0.09% (2017-18).
- The most negative percentage change is -17.34%.
This maximum fall in offshore production occurred in the financial year 2012-13.
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