ONGC LTD. - COMPANY INFORMATION & SWOT ANALYSIS

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Ernest Bates
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1 IS Advisors ONGC LTD. - COMPANY INFORMATION & SWOT ANALYSIS December 2011

2 Table of Contents 1. Snapshot Company Details Company Address Price Information Company Size Company vs. Sensex 3 2. Financial Highlights Key Financials (in USD) Key Ratios Market Cues 5 3. Profile Background Milestones, Achievements & Recognitions Subsidiaries of the Company 9 4. Key Personnel Shareholders Information Shareholding Pattern (Last 5 Quarters) List of Key Shareholders Peer Group Comparison Latest News & Developments SWOT Analysis Strengths Weaknesses Opportunities Threats Financials (in USD) Quarterly Income & Expenditure Statement Annual Income & Expenditure Statement Balance Sheet Cash Flow Statement Ratio Analysis

3 5. SHAREHOLDERS INFORMATION SHARE HOLDING PATTERN (LAST 5 QTRS HOLDING %) DESCRIPTION INDIAN PROMOTERS INSTITUTIONS FOREIGN INSTITUTIONAL INVESTORS OTHERS NON-INSTITUTIONS Sep Jun Mar Dec Sep KEY SHAREHOLDERS (%) NAME THE PRESIDENT OF INDIA INDIAN OIL CORPORATION LTD ONGC FPO ESCROW ACAOUNT LIFE INSURANCE CORPORAITON OF INDIA GAIL INDIA LTD Sep Jun Mar-11 Dec-10 Sep

4 7. Latest News & Developments ONGC INVESTING INR 25,000CRORE IN 11 PROJECTS State-owned Oil and Natural Gas Corporation (ONGC) is spending nearly INR 25,000crore for 11 projects. It has taken up the development of marginal fields through 14 projects, out of which three projects have been completed. The company entailed an investment of INR 27,305.05crore in the 14 projects. Of these three, INR crore developments of D-1 field, INR crore SB-11 development and INR 1,688.38crore investment in development of Vasai East in western offshore, have been completed. However, another 11 projects entailing an investment of Rs 24, crore are under various stages of investment. Among these 11 projects the biggest projects is B-193 cluster development at the cost of INR 5,633.44crore, which will yield 5.57 million tonne of oil and 5.12 billion cubic meters (bcm) of gas in 15 years. The project is scheduled to be completed by June Besides, another INR 3,241.03crore is being spent on Cluster-7 development by March 2013 to produced 9.73 million tonne of oil and 4.52 billion cubic meters of gas over a period of 16 years. ONGC PLANS TO SET UP GAS PROCESSING PLANT IN MAHARASHTRA State-run explorer Oil and Natural Gas Corporation (ONGC) plans to set up a gas processing plant near Dahanu in Maharashtra. It plans to process gas produced from its marginal fields on the west coast at Dahanu unit. The company will set the plant at an estimated investment of $3 billion and is looking at a peak capacity of 8 million cubic meters per day. The company is expected to tie up with global companies to boost its domestic deep-water hydrocarbons hunt. The company had won 19 oil and gas acreages, including the East Coast ultra-deepwater gas discovery of the company through domestic licensing rounds. 13

OPPORTUNITIES BRIDGING DEMAND SUPPLY GAP: India, 4 th largest economy

account for the majority of India s energy use.

Besides, nation currently meets 80% of its total crude needs through

Crude oil imports accounted for 29% of its total import bill of $350

Our country is seeking to fasten exploration in its largely unexplored

ahead to cut its import bill which would decrease its dependence on

5 OPPORTUNITIES BRIDGING DEMAND SUPPLY GAP: India, 4 th largest economy on Purchase Power Parity, has emerged as prominent consumption zone for all forms of energy. According to the International Energy Agency (IEA), hydrocarbons account for the majority of India s energy use. Coal and oil together represent about two-thirds of total energy usage. Besides, nation currently meets 80% of its total crude needs through imports. Crude oil imports accounted for 29% of its total import bill of $350 billion in the year ended March FY11. Our country is seeking to fasten exploration in its largely unexplored 3.14 million square kilometers of sedimentary basin in the years coming ahead to cut its import bill which would decrease its dependence on foreign countries for meeting its energy needs. ONGC plans to spend INR 1.75 trillion over the five years ending March ONGC s crude production target has been raised from 125 million tonnes in the 11th Five-Year Plan to 130 million in the 12th Plan. Production in the offshore fields will start in 2013, and would generate about five million tonnes, or 19 per cent of ONGC's total oil output. 25

Hindustan Oil Exploration Co. Ltd

GICS Industry : Oil, Gas & Consumable Fuels l Sub Industry : Oil & Gas Exploration & Production l Website : www.hoec.com Hindustan Oil Exploration Co. Ltd Key Stock Indicators NSE Ticker : HINDOILEXP Bloomberg