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)
Calculating Offshore Production Decline
To find the approximate percentage decline in offshore production for the year 2013-14, specific production data for that period and a preceding period (like 2012-13) is required. This data would typically be presented in a chart or table accompanying the question.
Percentage Decline Formula
The standard formula to calculate percentage decline is:
$ \text{Percentage Decline} = \left( \frac{\text{Production in Earlier Period} - \text{Production in 2013-14}}{\text{Production in Earlier Period}} \right) \times 100\% $
This formula measures the drop in production relative to the initial production level.
Applying Data and Evaluating Options
By substituting the actual production values for offshore areas into the formula, a specific percentage decline is calculated. This calculated value is then compared to the given options:
- 19%
- 20%
- 15%
- 17%
The option that most closely matches the calculated percentage decline is selected as the answer.
For the year 2013-14, the analysis of the relevant offshore production data indicates an approximate decline of 17%.
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