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FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India

Oil and Natural Gas Corporation of India · May 29, 2014 · 46 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 1
  2. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 2
    Disclaimer This presentation does not provide individually tailored advice but is an effort to expresses views on the topic and does not contain any information of strategic nature emerging from the ONGC group of Companies. The…
  3. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 3
    Presentation overview 1 Highlights 2 Performance FY14 3 Overseas operations 4 Non-E&P business 5 Pursuits 3
  4. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 4
    Highlights: FY14 14 hydrocarbon discoveries. Ultimate reserves accretion (domestic areas) 84.99 MMToe (84.84 MMToe in FY13). Reserve Replacement Ratio (RRR) 1.87 (3P); more than one since last nine years Domestic oil & gas production…
  5. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 5
    Highlights: FY14 Board recommended total dividend of 190% with payout of 8,128 Crore ONGC acquires 5% equity of Indian Oil Corporation Limited ONGC drills first Shale gas exploratory well in India ONGC Videsh records 8.36 MMToe of…
  6. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 6
    Highlights: FY14 ONGC Videsh acquires 16% Participating Interest in Rovuma Area-1 Offshore block in Mozambique ONGC Videsh acquires additional 12% Participating Interest in BC-10 block, Brazil MRPL records highest-ever crude…
  7. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 7
    ONGC: Q4, FY14 Domestic crude oil production levels maintained Crude oil production (MMT) Gas production (BCM) 6.47 6.47 6.22 6.17 0.85 0.94 0.39 0.36 5.62 5.53 5.83 5.81 Q4 FY'13 Q4 FY'14 Q4 FY'13 Q4 FY'14 ONGC…
  8. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 8
    ONGC Financials: Q4, FY14 Lower PAT due to higher subsidy payout & increase in Cess Gross Revenue PAT Under-recovery 21,901 21,403 Crore 16,202 12,312 9,122 6,900 4,889 3,387 Q4 FY'13 Q4 FY'14 Q4 FY'13 Q4 FY'14 Q4…
  9. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 9
    Highlights: FY14 ONGC is FORTUNE Worlds Most Admired Company, again ONGC - the only Indian energy major in Fortune's Most Admired List 2014 under 'Mining, Crude Oil Production' category. 9
  10. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 10
    Performance FY14 ONGC Group 10
  11. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 11
    Reserves FY14, Reserves = 2,004.15 mtoe; up 14% (FY13: 1,759 mtoe) ONGC Videshs reserves increases by 47% 1P 2P 3P Mtoe Oil Gas Total 2,004 1,667 ONGC 567.30 763.99 1331.29 (Mtoe) 1,331 PSC JV 19.66 15.85 35.51 1,033 962 OVL…
  12. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 12
    ONGC Group: O+OEG Production FY14: Production levels maintained ONGC Videsh registers 15% increase in O+OEG production 60.93 62.05 61.18 2.69 58.73 59.20 FY14 2.38 2.54 2.49 2.23 2.19 2.92 2.87 1.79 1.57 ONGC JV OVL Total Oil…
  13. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 13
    Financials: ONGC Group ONGC records highest-ever Gross Revenue MRPL posts highest-ever Turnover; PAT 601 Crore 83,290 84,201 75,226 68,834 ONGC MRPL OVL 20,926 22,224 22,095 18,029 3,929 4,445 601 (757) Gross…
  14. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 14
    Performance FY14 ONGC: Domestic operations 14
  15. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 15
    14 Oil & Gas discoveries Sl Name of the well HC Type New Prospects Discovery 1 KGOSN041NANL 1 Gas 2 KGOSN041NANL2 Gas NELP Blocks: 4 3 Seripalem-1(SRM-AA) Gas Nomination Blocks: 10 4 MBOS51NAA1 Gas Mandapetta South 1 (MDS- 5 Gas…
  16. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 16
    Reserve Accretion FY14: Reserve accretion 84.99 Mtoe - highest in last 23 years 90.00 1.98 83.56 84.13 84.84 84.99 Ultimate RRR 82.98 80.00 1.76 68.90 70.00 66.67 66.48 65.56 1.54 63.82 Reserve Replacement Ratio Ultimate…
  17. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 17
    Domestic Production Domestic production FY14 = 50.84 MMtoe Crude oil production (MMT) 52.06 52.60 52.43 51.47 50.84 FY13 FY14 2.49 2.23 2.19 1.79 1.57 1.79 2.86 3.21 ONGC 22.56 22.25 3.57 3.74 PSC-JV 3.57 3.74 23.11 23.10…
  18. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 18
    IOR/EOR Arresting decline: 19 of 24 IOR/EOR projects completed; 5 ongoing Total envisaged gain : 170 MMT Incremental gain in FY14: 7.46 MMT Total incremental gain 87.41 MMT up to FY14 Offshore Total Investment 34,172 Crore…
  19. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 19
    Performance FY14 ONGC: Financials 19
  20. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 20
    ONGC: Financials FY14 Highest-ever Gross Revenue - PAT up by 5.6% Gross Revenue ( Crore) Profit after Tax ( Crore) 83,290 84,201 76,888 66,191 66,138 25,123 22,095 20,926 18,924 16,768 FY'10 FY'11 FY'12 FY'13 FY'14…
  21. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 21
    Under-Recovery FY14: Highest-ever subsidy sharing - 56,384 Crore; up 14% Subsidy sharing ( Crore) Impact on PAT ( Crore) 56,384 49,421 31,524 44,466 28,413 25,535 28,226 24,892 22,000 15,798 14,247 13,241 17,025…
  22. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 22
    Decreasing Margins Discount to meet under-recoveries of OMCs increasing - Net Price realization coming down Net Price Realisation (in US/bbl) 71.65 71.65 89.41 71.65 117.4 71.65 110.74 106.72 100% 90% 15.71 35.64 62.69 62.89…
  23. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 23
    Dividend FY14 Dividend 190% total payout 8,128 Crore Plus Dividend Tax of 1,381 Crore Dividend ( Crore) Dividend pay-out ratio (%) 60 8,008 8,220 8,727 9,671 9,429 55 1,329 1,301 1,381 With dividend tax 1,241 50 1,162…
  24. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 24
    Capex 142,899 Crore Capex in last 5 years 36,059 ( Crore) 32,309 29,247 29,508 28,276 23,559 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 (Budget) 24
  25. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 25
    Performance FY14 Overseas Operations (ONGC Videsh) 25
  26. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 26
    ONGC Videsh ONGC Videsh, a wholly owned subsidiary of ONGC International E&P company operating in 16 countries with 33 projects Overseas investment US 22.47 Billion till FY14 (for FY14: US 5.71 billion) 3P Reserves 637 MMTOE…
  27. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 27
    ONGC Videsh 33 projects in Producing: Discovered/ Exploration: Pipeline: 2 16 countries 13 Develop: 4 14 CIS Azerbaijan 1 Russia 2 Kazakhstan 1 South East Asia Vietnam 1 1 Myanmar 2 Bangladesh 2 Middle East Syria 1…
  28. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 28
    New Acquisitions - Mozambique ONGC Videsh and Oil India Limited (OIL) jointly acquired 10% PI in Rovuma Area-1 Offshore block in Mozambique in Jan14. Further, ONGC Videsh directly acquired 10% stake from Anadarko out of its 36.5% in…
  29. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 29
    Increasing stake in Brazil ONGC Videsh in partnership with Shell preempted sale of 35% PI by Petrobras in BC -10 and acquired an additional 12% PI Transaction closed: Dec13 Financial Implication: US 561 million Financing:…
  30. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 30
    ONGC Videsh Reserves 637 Mtoe of O+OEG reserves in 11 countries Overseas O+OEG Reserves (3P) Sudan S.Sudan 3% 2% Syria 1% Oil Gas Total Brazil (MMT) (BCM) (Mtoe) Russia 2% 40% Colombia 1P 112.18 94.95 207.13 3% 2P 261.40 339.29…
  31. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 31
    Overseas Production FY14 Production = 8.36 Mtoe (15% higher than in FY13 = 7.26 Mtoe) Continuing problems in South Sudan & Syria. 9.45 Colombia 8.87 8.75 8.36 7% Venezuela 2.69 10% 2.38 2.54 7.26 2.87 Brazil Vietnam 23% 4%…
  32. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 32
    ONGC Videsh: Financials PAT = 4,445 Crore - the highest-ever Total Revenue ( Crore) Profit after Tax ( Crore) 22,637 4,445 22,224 3,929 18,424 18,671 18,029 15,383 2,807 2,691 2,721 2,090 FY'09 FY'10 FY'11 FY'12 FY'13…
  33. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 33
    Performance FY14 MRPL 33
  34. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 34
    Refining MRPL Throughput FY14: 14.55 MMT (14.40 MMT in FY13) 15 MMTPA state-of-art Refinery Now a Schedule-A Company Refinery capacity enhanced from 9.83 MMTPA to 15 MMTPA. Commissioned the SPM facility in Aug13. Delayed Coker…
  35. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 35
    MRPL Financials Highest-ever Turnover; PAT 601 Crore Turnover ( Crore) Profit after Tax ( Crore) 75,226 1,193 1,177 68,834 1,112 909 57,207 42,719 43,724 36,141 -757 601 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'09 FY'10…
  36. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 36
    Performance FY14 Pursuits 36
  37. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 37
    Field Development During 11th Plan 15 projects taken up for development of new fields. 3 projects completed and 12 projects under implementation Vasai East North Tapti Monetizing 274 mtoe reserves Investment: SB-11 36,475…
  38. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 38
    Field development/ re-development Field re-development Mumbai High North & South re-development Phase-3 Field development: West Coast Daman offshore: development advanced by 4 years. Substantial gas potential. Field development: East…
  39. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 39
    Unconventional ONGC first to establish Shale gas presence in India Completed First Shale gas well in Cambay. Total 7 wells drilled during FY14. 20 wells planned in Cambay, Assam-Arakan, KG and Cauvery basins in FY15. 50 Shale…
  40. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 40
    Non-E&P business ONGC Petro-additions Ltd. - world-class one of the biggest Petrochemical Plants in Asia (1.1 MMTPA ethylene Cracker & Polymer plant). ONGC equity (26%). Investment 21,396 Crore. Completion expected by Jan15 . ONGC…
  41. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 41
    Non-E&P business ONGC studying feasibility for setting up a gas based 3 MMTPA fertilizer plant in Tripura ONGC signed an MOU with Mitsui and BPCL for venturing in to LNG business 51 MW onland wind farm commissioned in 2008. Another…
  42. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 42
    Globally Acclaimed November, 2013 3 E&P Company in the World 22 Energy Company in the World (Based on Asset, Revenue, Profit & ROCE) Global 2000 list 2014 176 in the Forbes Global 2000 list of world's Thank you biggest…
  43. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 43
    Development of Discoveries KG offshore discoveries: G-1, G-2, Vashista, S-1 & G-4-6 Integrated development of G-1/GS-15: Production from both the fields commenced. G-4-6: Appraisal commences; considerable potential established.…
  44. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 44
    Development of Discoveries KG-DWN-98/2 Integrated development of discoveries - Annapurna, Padmavati, Kanakadurga, D, E, A, U, W, UD (Ultra deep) discoveries in the NDA KG- DWN-98/2 & G-4 Initial in-place reserves: 317 Mtoe (along…
  45. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 45
    Development of Discoveries Mahanadi Basin Mahanadi Basin With drilling of 5 wells appraisal of MN-DWN-98/3 and MN-OSN-2000/2 blocks. Revised DOC submitted in Dec2013 45
  46. FULL YEAR 2014 RESULTS MEDIA INTERACTION – Oil and Natural Gas Corporation of India – slide 46
    Development of Discoveries Daman C Series Development Includes development of Daman (main), Daman (North) & C-24. Upside in reserves established. Fields planned under phase-III of development : C-23, C-26, B-12 Development…

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