4 Strategy: Delivering a sustained performance Positive Free Cash Flows Healthy cash flows post Capex Core fields continue to generate cash MBA, Ravva, Cambay - Low cost, high margin, resilient to price volatility Optionality…
5 All round efforts driving positive free cash flow Superior pricing for MRPL contract Loaded first cargo of RJ crude from Bhogat terminal RJ water-flood opex cut by 12% from FY15 to 5.1/bbl Continued contract renegotiation,…
6 Core MBA fields stand strong; Progress on fundamental issues Strong performance by Rajasthan to continue Rajasthan volumes up on successful execution of Mangala EOR Polymer injection volume ramp-up on track Addition of 5 new…
7 Mangala EOR success reflects in Rajasthan production 202,668 1.4% 5.1 28 48% Gross Production in QoQ production RJ Water-flood Opex RDG avg gas production Recovery Rate Q3 FY16 (boepd) increase in Rajasthan (US/bbl) Q3 FY16 in Q3…
8 Continued cost optimization efforts yielding positive results Price realization Lower price realization 19% Brent price declined by 13% QoQ RJ discount to Brent up from 7.2/bbl to 9.2/bbl QoQ Opex/boe: Improved operating…
9 Financial performance in Q3FY16 INR-billion Q3 FY16 Q3 FY15 y-o-y (%) Q2 FY16 q-o-q (%) PAT Variance v/s Q1 FY16 (INR bn) 6.7 Net Revenue 20.4 35.0 (42%) 22.4 (9%) EBITDA 6.7 21.1 (69%) 9.7 (31%) 3.0 Other Income 1.4 1.6 (13%)…
10 Mangala EOR program an astounding success Polymer volume ramped-up to 330,000 blpd Average production at c. 19,000 boepd for 3Q FY16 Impact noticed in the production, attributable to o Improvement in sweep efficiency o Increase…
11 Ensuring projects readiness for favourable oil price environment Aishwariya Infill Campaign Started increasing production volumes 5 new wells brought online increasing the total count to 17 wells Balance 3 wells will also be…
12 Exploration campaign Rajasthan Exploration Update Appraisal of select discoveries Appraisal Testing DP Appraisal concluded for the prioritized discoveries NL V&V FDP preparation in progress Successful testing establishes…