Oil India Limited Investor Presentation Strictly Private & Confidential August 2015
Table of Contents 1. Company Background 2. Asset and Reserve Overview 3. Strategic Strengths 4. Operating and Financial Highlights 5. Growth Strategy 1
Company background
Oil India Ltd.: An Introduction S Over 5 decades of experience in oil & gas sector Rich Heritage S Credited with creation, operation and maintenance of a fully-automated crude oil pipeline S GoI ownership of 67.64% Strong Parentage…
Our vision Fastest Growing Energy Company with Highest Profitability Delight Customers with Quality Products and Services at Competitive Prices Team, Committed to Honesty, Integrity, Transparency and Mutual Trust creating Employee…
Key Highlights Acquisition of 50% stake in producing property in License 61 Block in Russia Acquisition of 50% PI in Blocks SS04 and SS09 in Bangladesh Acquisition of 60% PI in Block YEB & M-4 in Myanmar Discovery of Gas in…
Shareholding Structure Others 14.8% GOI DII 67.6% 8.0% Listed on BSE / NSE FII Number of shares 9.6% 601.14 mn Key shareholders % Shareholding Dividend FY15 Rs.20 /Share Indian Oil Corporation 4.45% Bharat Petroleum…
Oil India: Milestones and Track Record IPO Raised Acquisition in Rovuma Baa2 Credit Rating by Formed as a JV with Participates first time in Rs.2777 crore. Awarded Navratna Offshore Block in Moody's and BBB-by Burmah Oil Company…
Strong Parentage and Experienced Management Team Strong Parentage of Govt. of India Best In-Class Management Team S Appointed Chairman & Managing Director in 2nd Largest Public Sector E&P company U P Singh July, 2015 Chairman & MD S…
Integrated and Diversified Oil & Gas Player Non Conventional Exploration Production Transportation Downstream Energy S Domestic: 56 E&P blocks S Crude oil S Crude Oil S Refining and marketing S Wind Energy (including 1 CBM block) S…
Large and Diversified Reserve Base Large Reserve Base with Reserve Replacement Ratio attractive Oil & Gas Mix (2P reserves) Crude Oil (MMT) 115 83 31 1.64 Natural Gas 66 (BCM) 1.39 1.29 44 24 1P 2P 3P FY2013…
Downstream Operations OIL intends to continue an active strategy of vertical integration into downstream sectors such as refining, processing, distribution and retailing, cracking and fractionation of gas Vertical integration strategy…
Asset and reserve overview
Domestic Asset Overview Blocks No Area (sq. km.) NELP Operator 12 18,463 NELP Non-Operator 15 61,296 PML Nomination 21 4,995 ASSAM +AP PEL Nomination 5 1,239 AA-ONN-2010/2 40% ASSAM +AP JV / PSC 2 201 Total 55 86,194 AA-ONN-2009/4 50%…
Major Domestic Projects Mizoram S Block awarded in NELP-VI round S Block lies in north-east India flanked by Bangladesh in the West and Myanmar in South & East S OIL : 85% (Operator), Shiv-vani : 15% S Area: 3,213 SQKM Status…
Major Domestic Projects (Contd) KG Basin S Block awarded in NELP-VI round S Block lies at north-eastern end of the onshore part of Krishna-Godavari Basin. S OIL : 90% (Operator), GGR : 10% Loc.13 S Area: 541 SQKM Loc. 15 Dangeru-1…
Major Domestic Projects (Contd) Cauvery Basin 7900 7930 S Block awarded in NELP-VIII round S Block lies at Gulf of Mannar S Water Depth: 401 meters M-1-1A S OIL : 50% (Operator), ONGC : 50% A B 09 09 S Area: 1621 SQKM 00…
International Asset Overview US Libya 25% Colorado 20% 60 sq.km Area 95/96 6,629sq.km (Sonatrach) Julesburg Basin Ghadames Basin Russia 50% 4,991sq. km License 61 Nigeria 17.5% 1,295sq.km Sudan OML 205 (Suntera) 10% 741…
Major Overseas Projects Project Carabobo, Venezuela S Equity access to crude oil on long term basis Current Status S 31 wells under production S Significantly low subsurface risk S Current production 18000 bopd S Two blocks in…
Major Overseas Projects (Contd...) Area 1 Rovuma, Mozambique S OIL jointly with OVL acquired 10% stake in Key Highlights Offshore Mozambique Area 1 in January 2014 S Financial Close expected Q3 2016 S Acquisition Cost: USD 2519…
Major Overseas Projects (Contd...) License 61, Tomsk Region, Russia S Acquired 50% PI at US35 mn. w.e.f. 1st Jan 2014 Location S Western Siberia S Also funding Development Capex of US 45 mn and production bonus of US 5 mn Area S…
Major Overseas Projects (Contd...) Myanmar : Block YEB and Block M-4 S Awarded in 2013 offshore licensing round by Area Republic of Union of Myanmar S M4 (10,421 Sq. Km), S Production Sharing Contracts signed in S YEB (21,380 Sq.…
Major Overseas Projects (Contd...) Bangladesh : Block SS-04 and SS-09 S Blocks awarded in the Bangladesh offshore Area bidding round 2012 S SS-04 (7269 Sq. Km), S Production Sharing contract signed in Feb 2014 S SS-09 (7026 Sq. Km)…
Strategic strengths
Solid Infrastructure Base with Strong In-House Capabilities Vertically Integrated E&P Operations with Solid Infrastructure Recovery Techniques (IOR/EOR) Drilling & Oil Reservoir Seismic API Drilling Field Services Management (2D…
Attractive Cost Structure OIL has the Advantage of Low Finding and Development Costs S OIL's integrated oil and gas infrastructure enables the company to manage costs efficiently by optimizing manpower costs, using in-house services,…
Growth Focus on Key International Projects Rovuma Basin, Offshore, Mozambique Project 1, Carabobo, Onshore, Venezuela S Recoverable resources of 45-75 tcf S 31 wells are on production with current average total S First production and…
Operating and Financial Highlights
Crude Oil and Natural Gas Production Crude Oil Production (mn. bbl) Natural Gas Production (mm scm) 2,722 2,639 2,626 26.4 24.9 24.5 677 642 6.0 6.0 FY 13 FY14 FY15 Q1 FY15 Q1 FY16 FY 13 FY14 FY15 Q1 FY15 Q1 FY16…
Strong Liquidity with Low Leveraging Total Debt (Rs. Crore) Strong Cash Balance (Rs. Crore) 9783 12133 11744 8341 8917 1058 FY13 FY14 FY15 FY13 FY14 FY15 Net Worth (Rs. Crore) Debt Equity Ratio 47.2% 21498 38.8%…
Government Policy and Outlook on Subsidy Outlook on Subsidy Sharing of Subsidy by Upstream Companies Rs. Crore S Petrol Prices De-regulated in June 2010 (INRin Crores) FY13 FY14 FY15 Q1 FY15 Q1 FY16 S Diesel Prices De-regulated in…
Contribution to Exchequer Central Government 1,711 (Rs.crore) 1,552 1,612 1,603 1,531 1,333 1,218 1,200 854 FY 13 FY 14 FY 15 Corporate Tax Cess Dividend & Others State Government (Rs.crore) 1,333 1,276 1,280 517…
Growth Strategy
Robust Strategy in Place S Grow assets by acquiring exploration acreages, discovered blocks and Balanced growth of assets producing properties domestically and internationally S Implement a number of IOR and EOR techniques to…
Enhanced production from IOR/EOR initiatives Improvement in Production (mn. bbl) Investment in IOR/EOR (Rs. Crore) 8.54 8.04 965 7.01 911 650 FY13 FY14 FY15 FY13 FY14 FY15 OIL has made investments of Rs.3,700 crore in…
Significant Investment Lined Up Annual Plan 2015-16: Rs.3,917 crore Exploratory & Development Drilling (No. of Wells) Survey 9% Overseas 28% 38 32 24 Exploration 25% 15 Capital Equipment 18% FY 15 FY 16 (Plan) Development…
Perspective Plan 2030 S M/s McKinsey & Company engaged for a comprehensive study of organization structure, talent strategy and business processes to deliver the envisaged growth. S Objectives of the study: S To create Perspective…
Production Guidance for FY16 2015-16 (Target) Crude oil 3.63 MMT Natural gas 3,010 mmscm 35
Conclusion Steady and sustained Growth Sound Financial Health Strong operating track record More than 5 decades of E&P expertise Spreading wings: NE - Pan India - Global Large prospective E&P acreage Pioneer in Pipeline…
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